Scottie Pippen, the NBA legend, has revisited his previous post about Satoshi Nakamoto giving him a bullish price prediction in a dream. This time, he brought up Bitcoin bull Michael Saylor and his ultra-bullish BTC price forecast made on CNBC.
Michael Saylor’s Bitcoin Talk on CNBC
During an appearance on CNBC’s Squawk Box show, Michael Saylor, the cofounder and executive chairman of MicroStrategy, discussed recent Bitcoin market movements, spot Bitcoin ETFs outflows, and MicroStrategy’s success in comparison to its rivals.
Saylor highlighted MicroStrategy’s stock price surge of over 800% since August 2020, attributed to raising funds from investors through convertible notes to purchase Bitcoin.
He also mentioned that MicroStrategy has outperformed every company in the S&P 500 index.
Michael Saylor Predicts $13 Million per Bitcoin, Pippen Adds “Satoshi Comment”
When asked about the potential flow of money from the gold market into Bitcoin, Saylor predicted that Bitcoin could absorb 7% of global capital in the future if its market capitalization reaches 0.1%.
He projected that in 21 years, the price of Bitcoin could reach $13 million per coin. This prompted Scottie Pippen to jokingly ask if Saylor’s knowledge of this forecast also came from Satoshi Nakamoto in a dream.
On the other hand, Pippen shared his dream prediction that Bitcoin would hit $84,650 on Nov. 5. While it’s unclear if Pippen owns any Bitcoin, MicroStrategy has accumulated $8.3 billion worth of BTC.
Currently, Bitcoin is trading at $57,070, showing a 4.5% increase.
This article was originally published on U.Today
Analysis:
Michael Saylor’s bold Bitcoin price forecast of $13 million per coin has sparked a debate in the cryptocurrency community, with even NBA legend Scottie Pippen joining in with his dream prediction. This discussion highlights the growing interest in Bitcoin as a potential investment vehicle and its potential to disrupt traditional financial markets. For individuals looking to diversify their investment portfolios, keeping an eye on Bitcoin’s price movements and expert predictions could offer valuable insights into future financial opportunities.