• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Scottie Pippen Forecasts: Bitcoin on Its Way to $1 Million

user avatar

by Giorgi Kostiuk

a year ago

Basketball legend Scottie Pippen forecasts Bitcoin's growth, emphasizing its significance in the global economy.

Scottie Pippen's Prediction

Scottie Pippen foresees Bitcoin reaching $1 million. He underlined his confidence in the cryptocurrency as a new paradigm soon amidst global finance. Today, through his Twitter account, Pippen stated that Bitcoin's market cap stands at $1.7 trillion, while the global asset value is $900 trillion.

Previous Predictions

Pippen previously predicted Bitcoin would surpass $84,000, which was almost accurate. Some crypto enthusiasts pay close attention to his predictions, although such successes may be attributed to coincidence. Reaching $1 million would require Bitcoin to become more valuable than gold. This milestone is achievable but would need significant adoption and market development. Industry leaders like Galaxy CEO Mike Novogratz estimate it could take five to ten years.

Broader Market Sentiments

Bitcoin is trading at approximately $95,000, reflecting continued optimism. Blockstream CEO Adam Back also envisions Bitcoin matching gold’s market cap by 2025. However, achieving such ambitious forecasts requires significant institutional adoption and global acceptance.

Despite bold predictions and positive sentiments, reaching $1 million per Bitcoin necessitates massive adoption and infrastructure development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sei Network and Xiaomi Collaborate to Launch Crypto Wallet on Smartphones

chest

Sei Network collaborates with Xiaomi to launch a crypto wallet app on new smartphones, aiming for mainstream blockchain adoption by 2026.

user avatarKaterina Papadopoulou

Indian Refineries Boost Purchases of Discounted Russian Crude Oil

chest

In recent weeks, four of India's largest refiners have increased their purchases of discounted Russian crude oil, taking advantage of deep price cuts.

user avatarMaya Lundqvist

India and US Open Trade Talks to Finalize Long-Delayed Agreement

chest

India and the United States have opened two days of trade talks in New Delhi, aiming to finalize a long-delayed trade agreement and ease the 50 import levies affecting Indian exports.

user avatarAisha Farooq

Iceland Tops the List as Highest Tax Jurisdiction for Cryptocurrency Investors

chest

Iceland has been identified as the country with the highest tax burden on cryptocurrency investors, imposing a tax of 6,900 on every 15,000 of capital gains.

user avatarLeo van der Veen

Expert Strategies for Trading Agricultural Derivatives

chest

A report outlines ten essential strategies for trading agricultural commodity derivatives, focusing on risk management and market analysis.

user avatarLi Weicheng

DeepSnitch AI Presale Approaches $1 Million as Market Sentiment Remains Hesitant

chest

DeepSnitch AI's presale has raised over $735,000, providing traders with real-time intelligence in a challenging market environment.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.