From Jenna Orkin

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Bill Bonner:  Shiba Inu is a breed of dog. It became popular with crypto enthusiasts in 2013, after it became the face, or let us say the image, on the Dogecoin (DOGE), which was meant as an inside joke by its creators, Billy Markus and Jackson Palmer.

Then, the Shiba Inu coin (SHIB) was created as a “dogecoin killer” by someone, who – like the creator of bitcoin – wisely decided to remain anonymous, but who goes by the name Ryoshi, which means “hunter” in Japanese...

Knowing these facts, however, would in no way give you an advantage as an investor.

You might conclude, for example, that the whole thing was like a game you weren’t invited to play. You buy a coin. Others buy one, too. Noticing that it is moving up, you buy more.

And then you ask: Why did anyone buy it in the first place?

With a quadrillion coins in circulation, the “Shib” would not seem a very likely improvement on the U.S. dollar, neither as a store of value nor as a means of exchange.

Nevertheless, the Shiba Inu has gained value, not steadily… but more like the rocket the Chinese recently tested. It went hypersonic, say the papers.

In the case of the Shiba Inu, it gained 33% on Wednesday… bringing it up more than 158 million percent since its debut in August 2020.

The coin… or whatever it is… is now worth more than Deutsche Bank.

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Here's the real reason Facebook is changing its name to Meta and going after the metaverse

Facebook is rebranding as Meta, investing $10 billion in its VR and AR products, and promoting key executives, changes that are years in the making.

Facebook changes its name to Meta, and shares soar — but for a Canadian meme stock, not Zuckerberg's rebrand

Fully vaccinated people can pass on the Delta variant at home, including to other vaccinated people, a study finds — but unvaccinated people are still at most risk