Scottie Pippen, widely regarded as one of the greatest players in NBA history, is among the handful of celebrities to publicly endorse Bitcoin BTC/USD.
What happened: In an X post on Thursday, the sporting legend wrote, "Bullish on BITCOIN" with the hashtag #BeLikeSatoshi.
The post drew reactions from the passionate cryptocurrency community. The official X handle of leading cryptocurrency exchange Kraken replied, saying, "Bulls will always be bulls, right Scottie?"
Another prominent Bitcoin bull, Fred Krueger, also expressed solidarity with Pippen.
Details about Pippen's Bitcoin or cryptocurrency ownership were unknown as of this writing, and the iconic athlete did not immediately respond to Benzinga’s request for more information.
The latest post follows a series of endorsements by the NBA superstar on X, with some being quite bizarre.
On Sept. 9, he described a dream in which none other than Bitcoin creator Satoshi Nakamoto appeared and prophesized that the leading cryptocurrency would reach $84,650 on Nov. 5. Pippen ended his tweet with the standard “not financial advice” disclaimer.
See Also: Sam-Altman Founded Worldcoin Soars On OpenAI’s o1 Announcement, XRP Rides On Grayscale Trust Launch
Why It Matters: The aforementioned date happens to be the election day for the next president of the U.S.
Satoshi's "prophecy" lied somewhere between what analysts at global investment bank Standard Chartered have predicted.
A potential Donald Trump win being the bull case, Bitcoin was expected to shoot to $125,000. On the other hand, a Kamala Harris victory would still see King Crypto reaching $75,000.
Additionally, brokerage firm Bernstein projected the leading cryptocurrency to hit $80,000 to $90,000 by the end of Q4 if Trump emerges victorious. On the contrary, Harris winning the presidential race was expected to pull Bitcoin into the $30,000 to $40,000 range.
A recent CNBC report that cited investors took the middle ground, saying that Bitcoin had the potential to hit six figures irrespective of who emerges victorious.
Price Action: At the time of writing, Bitcoin was exchanging hands at $58,120.43, down 0.17% in the last 24 hours, according to data from Benzinga Pro.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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