SHIB Price Soars 30% Due To Shiba Inu Strategic US Hub Plan
A meme currency inventor wants to create a blockchain-only Silicon Valley-like American city. Shytoshi Kusama, creator of Shiba Inu, wants the Trump administration to explore a blockchain center for businesses.
Kusama proposes a blockchain Silicon Valley in a post to boost the blockchain ecosystem.
Trump pledged to establish 10 federal cities if elected president in 2023. He mentioned “freedom cities”. He said these new US cities will provide the country a “new American future” after it “lost its boldness.”
With Trump winning the US election, Shiba Inu's designer saw a chance to promote his blockchain hub.
Kusama acknowledges that transitioning an American city into a blockchain center would be costly in the near run.
The meme coin inventor estimated that the SHIB will cost the US government $1.3 billion to $2.35 billion and take five to 10 years to create.
He said the Trump administration should prioritize long-term economic and geopolitical rewards above short-term costs.
The SHIB market cap is $14.7 billion. TradingView.com chart
He predicted that the blockchain center will produce 5,000 employment in one to two years, offsetting its cost.
The crypto developer said the idea may contribute $500 million to the local economy. Over 100 blockchain startups would also locate in the cluster.
Kusama believes S.H.I.B. will provide the US a strategic edge in blockchain technology.
He anticipated that the hub would become a self-sustaining ecosystem that would generate $5 billion in US GDP and $500 million in tax income.
SHIB price rose 23% in 24 hours to $0.00002727 as the crypto market embraced the concept.
Kusama calls the initiative a “strategic investment” for the country's future since it would provide high economic benefits and make it a blockchain leader.
He said, “With the President's support, we can embark on this transformative journey, ensuring prosperity and security for generations to come.”
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