NBA's Pippen Says $1 Million Is Bitcoin's 'Next Stop'

Scottie Pippen, one of the NBA's biggest legends anticipation The price of Bitcoin may reach one million dollars.

While Pippin may not seem like an authoritative voice in the cryptocurrency world, his previous predictions about Bitcoin were eerily prescient.

In September, for example, the former professional basketball player claimed that Satoshi Nakamoto visited him in his dream to predict that Bitcoin would trade at more than $84,000 on November 5.

Bitcoin ended up rising above the above-mentioned level on November 11, meaning Pippin's prediction was slightly wrong.

Related to

Bitcoin ETFs exceed $90 billion in total assets

The largest cryptocurrency is currently trading at around $95,000 on the Bitstamp exchange.

Of course, Pippin's impressive forecasting record does not mean that Bitcoin will rise to $1 million in the near future.

This means that the cryptocurrency will need to overtake gold in terms of market capitalization (assuming the price of the yellow metal remains fairly stable).

Even ardent cryptocurrency enthusiasts, like Galaxy CEO Mike Novogratz, believe it will take Bitcoin 5 to 10 years to achieve such a huge milestone.

However, there are those who believe that the price of Bitcoin may rise to $1 million in the near future. like Reported by U. TodayJeff Park of Bitwise Invest recently opined that this might be possible if the US government creates a Bitcoin reserve in 2025. However, his chances of this happening are very low.

like Reported by U. TodayAdam Back, CEO of Blockstream, also predicted that Bitcoin could match the market value of gold in 2025.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *