The Shiba Inu dream of reaching $1 has once again come under fire. This time, the criticism came from macro strategist Michael Gayed, whose blunt response sparked debate across the crypto community.
The discussion began after analytics platform TXMC revisited a long-standing belief among retail investors. The outlet pointed out that for Shiba Inu (SHIB) to hit $1, its market capitalization would need to exceed the entire global supply of U.S. dollars. The observation highlighted the enormous gap between current valuations and the ambitious price target many holders still hope to see.
Gayed responded with a remark that many considered offensive, but his message was clear. In his view, the math behind the Shiba Inu dream simply does not work.
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Shiba Inu Dream Faces Mathematical Roadblock
The challenge is straightforward. SHIB has a massive circulating supply. Even with aggressive token burns, reaching $1 would require a valuation unlike anything the crypto market has ever seen.
For skeptics, this remains the strongest argument against the Shiba Inu dream. The required market capitalization would dwarf not only most cryptocurrencies but also many of the world’s largest financial markets. As a result, analysts continue to argue that expectations of a $1 SHIB are detached from economic reality.
Shiba Inu Dream Meets Macro Headwinds
Gayed’s criticism also reflects his broader view of financial markets. Earlier this month, the strategist described the current crypto downturn as the second stage of a global liquidity crisis.
According to his analysis, the unwinding of carry trades is draining liquidity from risk assets. As central banks reduce easy-money policies, investors move away from speculative positions. Gayed believes bonds suffered first, cryptocurrencies are feeling the pressure now, and stocks could be next.
He extends this criticism to Bitcoin as well. Gayed argues that BTC has failed to prove itself as a defensive asset and remains a high-risk investment wrapped in a compelling narrative.
Meanwhile, SHIB continues to struggle alongside the wider crypto market. Trading deep in fractions of a cent with five zeros after the decimal place, the token remains far from the levels needed to fulfill the long-standing Shiba Inu dream.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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