Scottie Pippen: Bitcoin's Next Stop is $1 Million

by Giorgi Kostiuk

2 years ago

Scottie Pippen, one of the most prominent NBA players, has predicted that Bitcoin's price might reach $1 million. Although not an authoritative crypto expert, Pippen's past predictions have been quite accurate.

Pippen's Prediction

Scottie Pippen believes that the next level for Bitcoin is $1 million, reasoning that its current market cap is just a small fraction of global assets.

You think you're late to Bitcoin because it hit $100,000. I think I'm early to Bitcoin because it's $1.7 Trillion Market Cap out of a total $900 Trillion in global assets. Next stop, $1 MILLION.Scottie Pippen

Past Predictions

Pippen has made predictions in the past that were nearly accurate. Notably, he claimed that by November 5, Bitcoin would trade above $84,000, which indeed surpassed that level on November 11.

What Awaits Us?

Despite Pippen's impressive prediction record, his claim that Bitcoin could reach $1 million soon is debated. Bitcoin would need to surpass gold by market cap. Experts like Galaxy CEO Mike Novogratz suggest it could take 5 to 10 years. Some analysts say such a surge could occur if the U.S. government creates Bitcoin reserves in 2025.

While Scottie Pippen's predictions intrigue, the crypto market remains highly volatile and unpredictable.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Dormant Bitcoin Wallets Come to Life

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

Satoshi Nakamura16 hours ago

SEC Proposes New Rules for Crypto Custody Regulations

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

Jesper Sørensen16 hours ago

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

Rajesh Kumar21 hours ago

ECB Executive Addresses Privacy Concerns of Digital Euro

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

Lucas Weissmanna day ago

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.