Rivian analogy for the Shiba Inu (SHIB) from the famous venture capitalist

Geoff Lewis, co-founder and coping with spouse of $1 billion mission capital company Bedrock Capital, recommended that the just lately common meme token Shiba Inu (SHIB) is terribly similar to the yank electric vehicle manufacturer Rivian.

Selected as one among the world’s most sensible 100 undertaking capitalists by way of CB Insights and The New York Occasions, Lewis stated, “Rivian and Shiba Inu are extra alike than they’re other. we are seeing signs of an inverted financial system the place abstract narratives of the long run are replacing financial truth lately.”

according to a file revealed by means of CNBC at the similar day, the Rivian corporate, which has virtually no income, surpassed Ford and Common Vehicles with a marketplace value of more than $ ONE ZERO FIVE billion.

Approximately 30 With a market capitalization of $ billion, SHIB is the eleventh greatest cryptocurrency. it is wondered whether SHIB, that is behind its rival Dogecoin, which has a marketplace value of 34.5 billion greenbacks, will take the throne of DOGE with a rising duration again.