Edward Snowden warns against investing in Shiba Inu; leaves Elon Musk amused

cryptocurrency market became a hot topic yet again after former US National Security ncy (NSA) contractor and whistle-blower Edward Swden cautioned about investing in cryptocurrency Shiba Inu. Swden's remarks come after cryptocurrency has witnessed record surges in its value for past few weeks. Sharing a tweet, Swden warned users against investing in /CLONE of dog money' as he wrote-

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 *t even dog money but a CLONE of dog money*.

techie ded ar tweet following first one where he wrote, "Also if you are m at this tweet you probably need to reduce your position size". Swden's comments about 'dog money' were targeted to Shiba Inu that has skyrocketed in terms of value, similar to its counterpart Dogecoin, as he believes that platform would soon cause loss to investors. While all this was happening, billionaire and crypto enthusiast Elon Musk also chimed in discussion and was apparently pretty amused with Swden's views and latter's exchange with a journalist on micro-blogging site.

A Twitter user h shared screenshots of Swden's tweet to which Musk replied with a laughing emoji. Musk is kwn as a staunch crypto supporter and has proven to be pretty manipulative over price of cryptocurrencies.

Roller coaster ride of Shiba Inu

meme coin that was launched just last year, surged over 72.62% last week, taking its value from $0.004844 to $0.00008456. Although number looks small, digital currency scaled its way up to become 11th largest cryptocurrency with a market cap of $32 billion.  record-breaking high of token came after a Change.org petition urging crypto tring platform Robinhood to list Shiba Inu rose in popularity. petition started by one Tristan Luke mand to receive over three lakh signatures within hours of its listing and keeps growing in popularity. Founded by an anymous person going by name Ryoshi,  coin has been termed as ‘Dogecoin killer’ by several investors.

(Im: AP/Unsplash)