Shiba Inu Price When Bitcoin Reaches 1M as Forecasted by Bernstein

Shiba Inu could see a substantial price increase if Bitcoin (BTC) reaches $1 million by 2033, as predicted by Bernstein.
Bitcoin has been performing poorly in recent days, dropping to a monthly low of $66,043. Despite a slight recovery, BTC remains at the lower end of the $66,000 level. This downward trend has affected altcoins, including Shiba Inu, which has also experienced a price drop.
Market veteran Peter Brandt recently suggested that BTC may have already reached its peak for the cycle, indicating that Bitcoin may not see any significant price increases in the future. This would have an impact on altcoins like Shiba Inu, which could remain at their current values for the rest of the cycle.
However, Bernstein, a leading asset manager with $759 billion in AUM, has a different outlook. Analysts at Bernstein are optimistic about BTC, forecasting that the cryptocurrency could reach $200,000 in the current bull run and then go on to hit $1 million by 2033.
If Bitcoin follows this trajectory, it could have far-reaching effects on the broader crypto market, as it currently holds a 54% dominance with a market cap of $1.3 trillion. Some cryptocurrencies, such as Cardano and Shiba Inu, have a high price correlation with Bitcoin, indicating that they would likely follow its trajectory.
Considering this, we recently analyzed how much Shiba Inu’s price could increase if it followed Bitcoin’s projected targets set by Bernstein. If SHIB rises by a similar rate to Bitcoin, its price could surge from the current $0.00002066 to $0.00006198, marking a new cycle high.
Furthermore, if Bitcoin reaches $1 million by 2033, Shiba Inu’s price would skyrocket to around $0.0003117. This would push SHIB’s market cap to $183.6 billion, a valuation that some analysts consider conservative over a nine-year period.
Changelly analysts predict that Shiba Inu could reach $0.0003 in September 2030 and a maximum price of $0.000996 by December 2033. However, it’s important to note that this content is informational and should not be considered financial advice. Readers are encouraged to conduct thorough research before making any investment decisions.