Bedrock Capital co-founder compared Shiba Inu to electric vehicle maker Rivian – Bits Media

Jeff Lewis, co-founder and managing partner of venture capital firm Bedrock Capital, noted the similarities between the Shiba Inu cryptocurrency and the electric vehicle manufacturer Rivian..

According to Jeff Lewis (Geoff Lewis), The similarities between Shiba Inu and Rivian are, that they have achieved great capitalization, without doing anything useful. So, SHIB's capitalization is growing simply due to hype, and Rivian's capitalization exceeded $100 billion, although the manufacturer is still just setting up production of its first commercial product – the R1T electric pickup truck.

Last week, Rivian Automotive completed its IPO on the Nasdaq stock exchange., which has become the largest among American companies in recent years 9 years old. The share price was $123 for pike, and the company's capitalization reached $104 billion. This is more, than most car manufacturers in the world.

The most interesting, that Rivian has not yet established mass production of electric vehicles. Since the start of production, which started two months ago, total was collected 150 R1T pickup truck, and the company has not even started production of the R1S SUV yet.

“Rivian and Shiba Inu have more similarities, than the differences. We see a perverted economy, when beautiful words about the future replace current real economic indicators", – Lewis emphasized.

Recall, that at the end of October the capitalization of Shiba Inu exceeded $50 billion. However, since then the “dog coin” has lost almost half of its capitalization and now the figure is $28 billion. Former NSA agent Edward Snowden also warned about the dangers of investing in SHIB (Edward Snowden).