Shiba Inu

across YouTube, TikTok, and Instagram, the CFA report found that Finfluencers do commonly promote good practices like saving an emergency fund and paying off high interest debt before investing, warning viewers about the risks of stock picking, promoting sound investment principles like diversifying and investing for the long term, and even highlighting the limitations of their own content.

Most sources also focused on promoting index investing and ETFs, which, while only one style of investing, are generally considered cheap and well-diversified, making it a more appropriate approach for a beginner than yellowing your life savings into Shiba Inu coin.

So clearly, finfluencers can be a force for good and have in instances had a positive impact on their viewers.

And when handled responsibly, finfluens, for lack of a better word, can absolutely help individuals get on the right path with their finances.

Sure, some hot stock, because then people will say, oh, well, you know, you should have bought Anthropic.

Yeah, but there was a chapter where I should have bought Shiba Inu coin.

And then there was a chapter when I should have bought Trump's wife's coin.

And then there was a chapter when I should have bought this certain AI stock.

I know the one you're talking about.

It might have even been Shib.

One of the bigger, more well-known

ones.

because not all buyback and burns are the same.

We've seen SHIB do a buyback and burn, but obviously we've also seen Hyperliquid, which I don't know if you guys remember, but on the day of the Binance hack recently, everything and Hyperliquid was just like, hey, we're alive and just rocketed straight up.

And then as everything else kind of rebounded a little bit, Hyperliquid calmed down.

Because obviously, everyone screamed over to Hyperliquid to start shorting stuff.

So it's like, OK, well, that's interesting.

Like, why is that the case? And then when you when you actually like look at the cross section of other things, even things that you didn't allocate to that were successful, like don't tell me that you can't tell me that Bitcoin, Ethereum, Dogecoin, SHIB, XRP.

you know, like even like Zcash, like all of these things, there's a deeply resonant, broad based level of emotion attached to them because they you can't like really separate emotion and values, right? And all these have some deeper philosophy or set of values behind them.

So crypto is almost like the opposite of what you would typically learn as an investor about other asset classes, where you're actually trying to objectively identify coins with the highest level of emotion.

Yeah.

Remember when like the dog coins, like Shiba Inu and all those dog coins? Yeah, it was Doge, it was Shiba.

People started creating more Doge coins because why not? And they realized, well, people's, your crypto wallet, it's like your email address.

It's public.

Let's see here.

So it's Litecoin, Ethereum, Ripple, Sui, Shiba.

ADA, Solana, Bitcoin, Doge, and Gram.

What is Gram?

And it wasn't an isolated event either.

You had other major meme tokens like Floki, Bonk, and Shib all posting very solid gains between 3.3% and 4.9%.

Okay, wait.

I have to push back here on behalf of anyone listening who follows traditional finance.

Exactly.

That leads to the third stage.

Risk appetite increases further and the capital flows into the major meme coins like Pepe or Shib, attracting widespread retail attention.

OK, so that's stage three.

I fully expect to drop a few more zeros before I can get bullish in this space.

Well, we certainly agree on Shiba Inu going to zero, Mike.

And you mentioned the 20% equity drawdown.

What would be a potential catalyst for that? We're in this environment right now where we look at the indices and they're just unbelievably top heavy.