Advertisement
AD

Main navigation

Advertisement
AD

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

By Alex Dovbnya
Sun, 29/12/2024 - 11:30
Advertisement
NBA's Pippen Says $1 Million Is 'Next Stop' for Bitcoin
Cover image via youtu.be
Read U.TODAY on
Google News

Scottie Pippen, one of the biggest NBA legends, has predicted that the Bitcoin price might hit $1 million.

Advertisement

While Pippen might not seem like an authoritative voice in the world of crypto, his previous Bitcoin predictions were eerily prescient.

In September, for instance, the former professional basketball player claimed that Satoshi Nakamoto visited him in his dream to predict that Bitcoin would be trading above $84,000 on Nov. 5.

Advertisement

Bitcoin ended up surging above the aforementioned level on Nov. 11, meaning that Pippen's prediction was just slightly off.

Related

The largest cryptocurrency is currently trading at roughly $95,000 on the Bitstamp exchange, with bulls struggling to regain their momentum after failing to gain a foothold above $100,000.   

Of course, Pippen's eerily impressive prediction track record does not mean that Bitcoin is going to surge to $1 million in the near future.

This would mean that the cryptocurrency would need to surpass gold by market cap (assuming that the price of the yellow metal remains more or less stable).

Even ardent cryptocurrency bulls of the likes of Galaxy CEO Mike Novogratz believe that it would take Bitcoin from 5 to 10 years to achieve such a massive milestone.

Still, there are those who believe that the price of Bitcoin could soar to $1 million in the near future. As reported by U.Today, Jeff Park of Bitwise Invest recently opined that this could be possible if the U.S. government does create a Bitcoin reserve in 2025. However, he has a very low chance of this happening.

As reported by U.Today, Blockstream CEO Adam Back has also predicted that Bitcoin could match the market cap of gold in 2025.

Related articles

Advertisement
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD