NBA star Scottie Pippen recently shared an intriguing dream encounter with Bitcoin's creator, Satoshi Nakamoto. Pippen, a known advocate for Bitcoin, envisioned that the cryptocurrency would reach $84,650 on November 5, coinciding with election day. However, the reality fell short of this prediction, with Bitcoin only rising to a peak of $76,460 following Donald Trump's victory.
What Happened
Pippen, widely celebrated as one of the greatest NBA players, has actively promoted Bitcoin through his social media channels. His dream, which stirred excitement in the Bitcoin community, was not intended as financial advice.
Election Day and Bitcoin's Performance
On election day, Bitcoin experienced a significant rally but did not meet Pippen's forecast. The cryptocurrency's price was halted at $76,460, despite the bullish sentiment surrounding Trump's win.
Market Predictions
Leading up to the elections, various analysts had made bold predictions for Bitcoin's price. For instance, Standard Chartered projected that Bitcoin could soar to $125,000 if Trump won, while Bernstein estimated a range of $80,000 to $90,000. These predictions were fueled by the increasing expectations surrounding the market.
Current Price Action
As of the latest update, Bitcoin was trading at $74,605.01, reflecting a slight decline of 0.14% over the past 24 hours.
Photo courtesy: Unsplash
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!