The Blog

It might appear that Shiba Inu (SHIB) has taken a page out of Bitcoin’s mysterious playbook. The Shiba Inu token is a decentralized cryptocurrency created by an anonymous person or group called “Ryoshi.” Much like Bitcoin’s founder (or founders) has tried to maintain anonymity. According to The Indian Express, the cryptocurrency that “started off as a ‘meme’ is not a joke anymore.”

The Great Depression of the United States led to the failure of 9,000 banks over the course of a decade, with 4,000 tanking in 1933 alone, and $140 billion in depositor funds disappearing.

Nations are observing an exodus from traditional banking. Some are cautioning the populace, encouraging them to be careful of investments in cryptocurrencies. Many countries are starting to see the writing on the wall – the benefits of cryptocurrencies and what they can mean. So, just while some leading nations are urging caution, they are also forming their own cryptocurrencies.

Thirteen years ago cryptocurrencies were set into motion by the mysterious Satoshi Nakamoto, a pseudonym. The identity of Bitcoin’s creator remains one of the greatest mysteries of modern times.