Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot
11 Novembro 2024 - 7:30AM
NEWSBTC
A meme coin developer is pushing for an ambitious plan of
establishing a new American metropolis, similar to Silicon Valley,
that is designed solely for the blockchain industry. Shiba Inu
creator Shytoshi Kusama is urging the Donald Trump administration
to consider the idea of a hub devoted to blockchain innovators and
entrepreneurs. Related Reading: Unstoppable Bitcoin: BTC Price
Barrels Past $81,000 For New ATH — $82k Now Within Reach Shiba Inu
City: An Ambitious Plan In a post, Kusama puts forward his
audacious proposal to create the blockchain version of Silicon
Valley to allow the blockchain ecosystem to thrive. Kusama called
the new city the Strategic Hub for Innovation in Blockchain
(S.H.I.B), which he claimed is aligned with Trump’s vision of
establishing new technology-centered American cities. Well, would
you look at that. Guess my S.H.I.B. proposal was ahead of its time…
BY LESS THAN A WEEK. ICYMI https://t.co/pjUBcjgZJ3 A thread🧵
https://t.co/p8wRKhxThh — Shytoshi Kusama™ (@ShytoshiKusama)
November 9, 2024 In 2023, Trump announced that once he got elected
as US president, he will build 10 cities on federal land. He said
these will be called “freedom cities”. These new US cities, he
pointed out, would give the country a “new American future” after
the nation, according to him, has “lost its boldness.” With Trump
emerging victorious in the US election, the Shiba Inu creator saw
this as an excellent opportunity to push for his proposed
blockchain hub. Cost Effective Kusama agrees that transforming one
of the American cities and making it a hub for the blockchain
industry would be expensive in the short term. The meme coin
developer said that establishing the SHIB would cost the US
government around $1.3 billion to $2.35 billion and would require
five to 10 years to build. However, he noted that the Trump
administration should not focus on the short-term expenses but on
the long-term economic and geopolitical benefits it will bring to
the country. He said that SHIB’s outcomes would offset the cost of
building it, explaining that in one to two years, he predicts that
the blockchain hub would create 5,000 jobs. The crypto developer
added that the project could bring around $500 million into the
local economy. It would also attract more than 100 blockchain
startups to establish their business in the hub. Kusama said: “By
leveraging blockchain’s transformative potential, this S.H.I.B.
initiative aims to stimulate economic growth, create high-quality
jobs, enhance national security, and reinforce the United States’
leadership in emerging technologies.” Related Reading: $1,400 On
The Horizon? Solana Breach Of $200 Excites Analysts A Strategic
Investment Kusama sees S.H.I.B. as a project that is transformative
for the country, saying that it is a step to allow the US to clinch
a strategic advantage in blockchain technology. He predicted that
the hub would become a self-sustaining ecosystem that could bring
over $5 billion to the US economy every year, adding that it would
also bring $500 million in tax revenues annually. The crypto market
responded favorably to the plan, pushing SHIB price to hit the
$0.00002727 mark — a 23% increase in 24 hours. Kusama believes that
the project is a “strategic investment” essential for the country’s
future since the proposal would generate significant economic
returns and would make the country the leader in blockchain
technology. “With the President’s support, we can embark on this
transformative journey, ensuring prosperity and security for
generations to come,” he concluded. Featured image from
MDogsW, chart from TradingView
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