NBA legend Scottie Pippen recently made waves in the cryptocurrency community by predicting a significant rise in Bitcoin’s price.
In a post shared on X (formerly Twitter), Pippen claimed that Bitcoin’s anonymous creator, Satoshi Nakamoto, appeared to him in a dream, forecasting that Bitcoin would hit $84,650 on November 5, 2024. His tweet quickly sparked excitement and skepticism alike.
Pippen’s prediction has stirred a range of reactions. Some fans embraced the forecast with optimism, while others questioned whether Pippen’s account had been hacked. Notably, at the time of his prediction, Bitcoin was trading around $56,800, meaning it would need to experience a significant rally of over 45% to hit the $84,650 mark.
The timing of this prediction is intriguing, as Bitcoin’s current market activity has been fluctuating, with some analysts suggesting that a potential Federal Reserve rate cut and the upcoming U.S. presidential election could influence a Bitcoin rally. Former President Donald Trump’s pro-crypto stance and proposals to establish a national Bitcoin reserve might contribute to this upward trend if he wins the election. Conversely, even if Kamala Harris wins, the economy may go into a slight “panic” allowing bitcoin to rise because of perceived economic uncertainty.
Whether Pippen’s prediction will become reality remains to be seen, but it certainly adds an interesting twist to the conversation about Bitcoin’s future.
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