3 January 2009 marked a significant event that could potentially reshape the global order. On this date, Bitcoin entered the economic world as a small project. Despite 15 years passing, the identity of Bitcoin’s creator, Satoshi Nakamoto, remains unknown. Recently, a former NBA star made an intriguing statement about Satoshi.
Scottie Pippen and the Bitcoin Dream
Scottie Pippen, known as Michael Jordan’s greatest partner, has been vocal about cryptocurrencies. Recently, Pippen made a notable post about new projects.
In his post, Scottie Pippen mentioned seeing Satoshi Nakamoto in a dream and predicted Bitcoin’s price. He speculated that Bitcoin could reach $84,650 on 5 November 2024 but clarified it was not financial advice.
Recent fluctuations in Bitcoin’s price continue to unsettle investors, prompting them to sell, deepening the price drop.
Current Bitcoin Price
The spot Bitcoin ETFs, launched at the start of 2024, quickly dominated the market. After a brief decline, an unexpected event occurred. In mid-March 2024, Bitcoin reached $73,750, contrary to previous cycles.
It was generally believed that BTC would hit its ATH post-halving, but this didn’t happen. Subsequently, Bitcoin experienced sharp declines and volatile movements. Since then, Bitcoin has failed to form new highs, consistently creating periodic lows.
On 4 August, BTC fell below $50,000, reaching $48,800 according to Binance indicators. Although it rebounded to $65,000, the decline seemed to continue.
As of the writing time, BTC was trading at $56,500, with market volume dropping to $1.111 trillion. Despite the decline, the market remained active. BTC’s 24-hour trading volume increased by 35%, reaching $32.7 billion.
This suggests many investors are buying the dip and expecting a rise.