---
title: "Edward Snowden warns of the dangers of investing in Shiba Inu | ICOLINK"
description: "Former NSA employee Edward Snowden warned investors about the dangers of investing in Shiba Inu cryptocurrency and other dog coins."
url: "https://icolink.com/ico-news/snowden-warns-of-investing-in-shiba-inu.html"
markdown_url: "https://icolink.com/ico-news/snowden-warns-of-investing-in-shiba-inu.html.md"
date: "2026-07-03T16:59:38+00:00"
language: "en-GB"
---

# Edward Snowden warns of the dangers of investing in Shiba Inu

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

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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](https://twitter.com/Snowden/status/1454606423875330051?ref_src=twsrc%5Etfw)

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.