Benzinga - In a tale of missed opportunity, a man expressed deep regret after selling off all his 5 trillion Shiba Inu (CRYPTO: SHIB) tokens in 2020, missing out on a potential windfall of $28 million.
What Happened: The man’s decision came back to haunt him as the ‘Dogecoin (CRYPTO: DOGE) killer’ Shiba Inu, soared to new heights in 2021.
Shiba Inu’s lackluster performance in 2020 initially shook the investor’s confidence, leading to doubts about its future prospects. The lowest price for Shiba Inu was $0.000000000056366, which was recorded on Nov. 28, 2020, and the investor’s $4,000 investment began to dwindle relentlessly.
However, a brief spike in December gave him a glimmer of hope, prompting him to sell off his entire stash and break even by the end of 2020.
Little did the investor know that his decision would be a monumental mistake. In a matter of months, Shiba Inu rallied hard in 2021. It reached an all-time high of $0.00008616.
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Why It Matters: Crypto influencer Christopher Jaszczynski spoke to the trader. In the video, the trader highlights how he initially invested $4,000 in Shiba Inu but ultimately sold it for the same amount, never realizing the coin’s exponential growth potential. "I sold it exactly at the same f***ing price," the trader said.
If the trader had bought SHIB at an average price of $0.000000001009 in August 2020 and held onto it until today’s price of $0.000007293, he would have experienced an astonishing growth rate of 722,694.85%. This would have turned their initial investment of $4,000 into an impressive $28.91 million.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
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