The relationship between Bitcoin (CRYPTO:BTC) and Shiba Inu (CRYPTO:SHIB) is complex, as both cryptocurrencies are influenced by market dynamics and investor sentiment.
Should BTC surge to $1 million, signaling a significant capital influx into crypto, SHIB could benefit from increased market confidence and investor activity.
SHIB's price heavily depends on BTC's performance, given Bitcoin's role as a market indicator.
However, predicting specific SHIB price levels under these conditions is challenging due to factors like market capitalisation, utility, and investor behavior.
While optimistic scenarios suggest SHIB could rise alongside BTC's success, market trends are inherently unpredictable. Therefore, the potential impact of BTC at $1 million on SHIB remains speculative.