Bitcoin News Today: Shiba Inu Price Could Jump 17800% If Bitcoin Hits $21M

Shiba Inu, a prominent meme coin in the cryptocurrency market, could experience a dramatic price increase if Bitcoin surges to $21,000,000, according to recent analysis. Under such a scenario, Shiba Inu's price could rise to $0.00225, a 178-fold increase from its current level of $0.00001261, assuming proportional growth to Bitcoin [1]. This projection implies a theoretical market capitalization of $1.32 trillion for Shiba Inu, a stark contrast to its current market cap of around $6.84 billion [1].

Michael Saylor, a well-known Bitcoin maximalist and executive chairman of MicroStrategy, predicted that Bitcoin could reach $21,000,000 by 2046 during a keynote at BTC Prague 2025. Saylor cited macroeconomic shifts, accelerated adoption, and institutional involvement as key drivers behind this forecast [1]. The cryptocurrency community has responded with mixed reactions to the prediction, with particular interest in how such a Bitcoin rally might affect altcoins like Shiba Inu [1].

Based on Saylor’s forecast, analysts have extrapolated potential price targets for Shiba Inu. If Bitcoin were to rise by 19,306% from its current price of $113,800, Shiba Inu would need to follow a similar percentage gain to reach $0.00225. However, the token's massive supply of over 589.25 trillion tokens complicates such a surge. Market commentators like Davinci Jeremie argue that a significant portion of the supply would need to be burned to facilitate a meaningful price increase [1].

ChatGPT’s analysis suggests that Shiba Inu could reach $0.002 between 2032 and 2034 if Bitcoin achieves the projected $21 million price target. This projection is optimistic but remains speculative. Changelly, a cryptocurrency trading platform, offers a more conservative outlook, predicting that Shiba Inu could reach $0.00229 by February 2040 [1]. This extended timeline reflects the token’s structural challenges, including its large circulating supply and limited use cases.

Critics and traders have also emphasized the importance of supply reduction for Shiba Inu. Burning a substantial portion of the token’s supply is seen as a necessary step to elevate its price. Despite these discussions, it is essential to recognize that these forecasts are conditional and based on speculative assumptions. No actual market movement has occurred to validate these projections, and the inherent volatility of the crypto market means outcomes remain uncertain [1].

Other articles within the provided news collection include reports on gold and cinema sectors, which are unrelated to the Bitcoin-Shiba Inu correlation [2][3]. These reports highlight developments in traditional financial sectors but do not provide insights into the crypto price dynamics discussed here.

Source:

[1] The – [https://thecryptobasic.com/2025/08/02/heres-how-high-shiba-inu-price-could-rise-if-bitcoin-hits-21000000/](https://thecryptobasic.com/2025/08/02/heres-how-high-shiba-inu-price-could-rise-if-bitcoin-hits-21000000/)

[2] Investing.com – [https://www.investing.com/news/transcripts/earnings-call-transcript-eldorado-gold-q2-2025-shows-strong-growth-93CH-4166530](https://www.investing.com/news/transcripts/earnings-call-transcript-eldorado-gold-q2-2025-shows-strong-growth-93CH-4166530)

[3] Investing.com – [https://www.investing.com/news/transcripts/earnings-call-transcript-cinemark-q2-2025-misses-eps-forecast-stock-steady-93CH-4166245](https://www.investing.com/news/transcripts/earnings-call-transcript-cinemark-q2-2025-misses-eps-forecast-stock-steady-93CH-4166245)