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Edward Snowden warns of the dangers of investing in Shiba Inu

Monday, 01 November 2021

Former NSA employee Edward Snowden warned investors about the dangers of investing in Shiba Inu cryptocurrency and other "dog coins".

i say this with love:

if you got talked into exchanging your hard-earned savings for some new dog money because a meme said you'd get rich, please carefully consider your odds of outsmarting a market that sold to you its stake in *not even dog money but a CLONE of dog money*
— Edward Snowden (@Snowden) October 31, 2021

Over the past weeks, the Shiba Inu (SHIB) rate has grown significantly, and the coin's capitalization has reached an impressive $ 50 billion mark.

This has attracted the attention of investors to the cryptocurrency - many are buying SHIB in an attempt to "jump on the outgoing train" and make a profit.

"If you got talked into exchanging your hard-earned savings for some new dog money because a meme said you'd get rich, please carefully consider your odds of outsmarting a market that sold to you its stake in *not even dog money but a CLONE of dog money," Edward Snowden tweeted

Of course, such a statement drew criticism from cryptocurrency enthusiasts and SHIB fans. Snowden took the criticism with humor and wrote that if someone is angry with him because of this tweet, then "he should reduce the size of his position in Shiba Inu."

At the time of publication, the price of SHIB is $ 0.00007175, and the capitalization is $ 39.4 billion. Recently it became known that the American cinema chain AMC Entertainment may add payments to Shiba Inu.