Key Points
Bitcoin (BTC) remains the most valuable cryptocurrency, recognized for its stability compared to more volatile coins like Shiba Inu (SHIB), a meme coin created as a parody of Dogecoin. A $200 investment in Bitcoin during its first public trade in 2010 would now be worth approximately $6.4 billion, while the same investment in Shiba Inu since its inception would have grown to about $1.2 million.
Bitcoin’s maximum supply is capped at 21 million tokens, with nearly 20 million already mined by 2023, while Shiba Inu has an initial supply of one quadrillion tokens, with a circulating supply currently at 589.5 trillion. Despite Shiba Inu’s lower valuation, both cryptocurrencies experienced declines in 2022 and 2023, with Bitcoin rising over 120% in value over the past two years versus Shiba Inu’s nearly 10% decrease. Bitcoin’s first spot price exchange-traded funds (ETFs) were approved by the SEC two years ago, enhancing its market presence.
To realize a $1 million return from a $10,000 investment, Bitcoin would require a market cap increase of 9,900% to $193 trillion. Prominent advocates like Michael Saylor suggest Bitcoin’s price could reach $21 million by 2045, a 21,500% increase from current levels, contingent on broader economic changes.
