Scottie Pippen Bullish on Bitcoin as Price Surges 50%

NBA legend Scottie Pippen recently took to social media to express his bullish sentiment towards Bitcoin, tweeting, “Damn it feels good to be a Bitcoin BULL.” This statement comes at a time when Bitcoin, the world's largest cryptocurrency by market capitalization, has been experiencing significant price movements, briefly spiking close to $106,000. Pippen's tweet underscores his confidence in the digital asset, which has seen substantial gains in recent weeks.

Pippen's endorsement of Bitcoin is not new. He has become well-known within the crypto community for his half-humorous tweets about Satoshi Nakamoto, the mysterious creator of Bitcoin, visiting him in his sleep and providing insights about future BTC market bull runs. In September 2024, Pippen shared a dream he had with Nakamoto, who predicted that the price of Bitcoin would reach $84,650 by November 5 of the same year. At that time, the valuation of Bitcoin was around $57,000, and a 50% rally in such a short period seemed unlikely. However, on November 5, which marked Donald Trump’s presidential victory, the price of Bitcoin soared above $70,000, and within a week, it hit the target from Pippen’s dream. This prediction turned out to be accurate, as Bitcoin reached an all-time high of almost $110,000 in January 2025.

Pippen's bullish stance on Bitcoin is part of a broader trend among high-profile individuals who have expressed optimism about the cryptocurrency. His recent tweet aligns with his previous predictions and his overall positive outlook on the digital asset. Pippen's endorsement of Bitcoin is significant, given his status as a legendary basketball player and his influence on social media, where he has over 720,000 followers.

In addition to his support for Bitcoin, Pippen has also shown interest in other digital assets. He has expressed bullish sentiments towards altcoins such as Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB). This diversification in his crypto portfolio reflects the growing interest in altcoins, which have recently outperformed Bitcoin. Ethereum, for instance, has seen a 40% increase in the past week, while Dogecoin and other meme coins have charted similar gains. This has fueled speculation that the long-anticipated altseason has arrived, where altcoins steal the show from Bitcoin.

Pippen's interest in altcoins has surprised some of his followers, who primarily associate him with Bitcoin. However, his endorsement of these digital assets highlights the growing acceptance and investment in the broader cryptocurrency market. Pippen's tweets and predictions have garnered significant attention, and his bullish stance on Bitcoin and altcoins is likely to influence his followers and the broader crypto community.

Pippen's recent tweet comes at a time when global trade tensions have eased, with U.S. and Chinese government representatives coming to an agreement in Geneva to lift trade tariffs against their countries for 90 days. The U.S. is reportedly set to reduce the tariffs on Chinese goods from 145% to 30%, and China will do likewise, cutting down trade fees from 125% to 10% for three months. Bitcoin and stock markets reacted bullishly, with BTC and major stock indexes going up. However, it is important to wait for an official statement to be made by Donald Trump.

Meanwhile, Japanese company Metaplanet, which recently began following Strategy’s Bitcoin playbook and began to raise funds from investors to accumulate BTC, announced yet another Bitcoin buy. Today, the company acquired 1,241 Bitcoins worth $125.3 million, paying $100,967 for one BTC. Now Metaplanet holds a total of 6,796 BTC in its long-term bag. That is more than El Salvador’s Bitcoin holdings. El Salvador, the country that adopted Bitcoin as the only official medium of exchange in 2021, now owns 6,714 Bitcoins. However, Michael Saylor’s Strategy outpaces them both as it currently holds 555,450 BTC. Strategy here loses leadership to BlackRock’s Bitcoin ETF iShares, which owns almost 572,000 BTC as of last Friday.