Heres How High Shiba Inu Can Go if BlackRock Invests Just 1% of Its $10T AUM into SHIB
Shiba Inu continues to await the arrival of institutional players like BlackRock to signal interest in it via exchange-traded funds (ETFs).Enthusiasts hope that the involvement of institutional giants like BlackRock in Shiba Inu could change things for the coin. Amid this, The Crypto Basic estimates the potential for SHIB should BlackRock decide to take a serious position in it.Specifically, this article provides a theoretical breakdown of how high Shiba Inus price could soar if BlackRock, with its massive assets under management (AUM), invested just 1% into SHIB.BlackRocks Potential $100 Billion Investment in Shiba InuBlackRock, the worlds largest asset manager, controls a staggering $10 trillion in AUM. A mere 1% allocation of its total capital, $100 billion, could greatly impact the price of Shiba Inu.For context, SHIB's market cap is $7.45 billion, with the current price of 1 SHIB at $0.000013. However, precisely estimating how a $100 billion investment could impact SHIB is difficult. This analysis, meanwhile, leverages suggestions from OpenAI's ChatGPT.The chatbot estimates that if BlackRock were to funnel $100 billion into SHIB, assuming the supply remained the same, the price of SHIB could jump to $0.0001696.To put this into perspective, this would give SHIB a 13.07x multiplier. This means SHIB holders could see their investments grow more than 13 times if BlackRock invested just 1% of its capital.What If Other Major Asset Managers Join In on SHIB?While BlackRock is a key player, what if other institutional giants like Vanguard or Fidelity decided to make similar moves on Shiba Inu? Vanguard (AUM $8.3 Trillion): If Vanguard allocated 1% of its AUM to SHIB, that would be an $83 billion investment. ChatGPT suggests it could push the price to around $0.00014, a 10.8x increase. Fidelity (AUM $4.5 Trillion): With a 1% investment, Fidelitys $45 billion would push SHIB to $0.000076, reflecting a 5.9x increase.These figures show that institutional interest, even from a single player, could once again make SHIB one of the most exciting stories in the crypto space.However, it is worth noting that there is no guarantee that BlackRock or any of these prominent asset managers would invest 1% of their AUM in Shiba Inu.BlackRock's Influence in CryptoIn 2024, the BlackRock Bitcoin ETF (IBIT) secured $37 billion in assets in its first year, placing it third on the global ETF leaderboard. IBITs rise showcases strong institutional demand for cryptocurrency exposure via ETFs.Amid this massive inflow, Bitcoins price moved from around $48K in January 2024, when the SEC approved the ETFs, to the record-breaking $100K threshold by December 2024.As a result, many in the broader altcoin space eagerly anticipate BlackRocks involvement in other crypto ETFs. Prominent asset managers like Grayscale, Bitwise, and Franklin Templeton are already pushing ETFs for altcoins like Dogecoin and XRP. However, a filing for a Shiba Inu ETF is still absent.
Text source: The Crypto Basic
