As the crypto world speculates about Bitcoin’s long-term trajectory, a bold forecast has emerged: Bitcoin could reach $4,878,819 by 2040. While this number grabs headlines, it also raises a key question for altcoin enthusiasts—how high could Shiba Inu (SHIB) rise if Bitcoin achieves this milestone?
Understanding the SHIB-Bitcoin Connection
Shiba Inu’s price has shown a strong correlation with Bitcoin, often moving in tandem with the market leader. Recent data highlights a 72% correlation over 30 days and an even stronger 86% over 60 days, meaning SHIB tends to follow Bitcoin’s price swings closely. When Bitcoin rallies, SHIB often outpaces it in percentage gains, and the reverse is also true during downturns .
Projecting SHIB’s Price If Bitcoin Hits $4.87 Million
If Bitcoin’s price were to climb from its current level (around $105,418) to $4.87 million by 2040—a 4,400% increase—analysts suggest SHIB could experience a similar or even greater surge. Applying this growth rate to SHIB’s current price would put the token at approximately $0.000632. With SHIB’s circulating supply at 589.25 trillion tokens, this would translate to a market cap of about $372.4 billion, a dramatic leap from today’s $8.27 billion.
Alternative Forecasts and Influencing Factors
Other AI-driven models, such as Grok, have considered a range of 2040 price predictions for SHIB, drawing from sources like Changelly, Telegaon, CoinCodex, and Coinpedia Markets. These projections suggest a conservative price range of $0.00001911 to $0.054, with average estimates between $0.00002157 and $0.076, and highly optimistic scenarios reaching up to $0.089.
It’s important to note that SHIB’s future price will depend on more than just Bitcoin’s performance. Factors such as token burns, ecosystem development, and overall market sentiment will play significant roles. For example, if SHIB’s supply decreases through burns or if its ecosystem expands, the price could be pushed even higher .
A Word of Caution
While these projections are exciting, the crypto market is notoriously unpredictable. Even with strong correlations and bullish forecasts, investors should approach long-term predictions with caution and conduct thorough research before making decisions.
