An anonymous crypto investor and crypto enthusiast “Shibtoshi” who became a billionaire with Shiba Inu (SHIB) back in 2021, has revealed how he did it in an interview with Youtuber, Bad Anthony.
Shiba Inu Investor On The Greatest Investment Of All Time
In the interview with crypto Youtuber Bad Anthony, the crypto investor “Shitoshi” revealed how he made one of the greatest trades of all time, if not the greatest.
According to the crypto investor, he first gained interest in Shiba Inu during the early days of Shiba Inu back in August 2020. He revealed that he had invested $8,000 in the SHIB back in August 2020, when the token began trading. The token had been brought to his attention by his friends who apparently also invested in it.
The crypto investor confirmed that he became interested in Shiba Inu after his friends told him that the token was a potential rival to Dogecoin (DOGE), which he had never invested in Dogecoin before.
He highlighted that this was not his first rodeo as he has had a steady presence in the crypto space and has been an active crypto investor since 2011. He also noted that he has made other substantial profits from the crypto market in the past but it was nothing compared to the profits he made from Shiba Inu.
Nevertheless, the journey was never an easy one for him as there were a lot of challenges after his investment. He noted that after he invested $8,000 in Shiba Inu, the initial value of his investment took a hit, but he remained faithful.
In addition, a related Shiba Inu Telegram group was also compromised which disrupted the crypto investor’s confidence in Shiba Inu. During this period, some of his friends reportedly became suspicious of the token and they started selling their investments to cut losses, but he decided to be patient.
The investment which he held for almost a year would eventually grow rapidly and finally reach $5.7 billion in October 2021, representing an impressive increase of 71,249,900%.
What Has He Done Since Then?
The investor has since moved out the majority of the Shiba Inu tokens after hitting the $5 billion mark. Reports from 2021 show that he had moved out $2.9 billion initially from the original wallet to another wallet, and from there, distributed the coins to various wallets.
JUST IN: Shiba owner that turned $8k into $5 billion removed $2.9 billion worth #Shiba tokens from its original wallet. pic.twitter.com/usX4LjpDBd
— Blockworks (@Blockworks_) November 3, 2021
The original wallet now holds around $1.44 million in SHIB while the investor scattered the remaining coins in batches of 500 billion tokens to other wallets.