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Title: NBA’s Pippen Says $1 Million Is ‘Next Stop’ for Bitcoin
NBA player and cryptocurrency enthusiast Scottie Pippen has sparked controversy by predicting that the price of Bitcoin will reach $1 million in the near future. As reported by U.Today, the former Chicago Bulls star made these comments during an interview at the recent NFT conference.
Pippen, a long-time advocate for the benefits of cryptocurrencies, argued that Bitcoin’s market capitalization is poised to surpass that of gold in the coming years. To achieve this feat, the cryptocurrency would need to surpass gold by market cap (assuming that the price of the yellow metal remains more or less stable). Even ardent cryptocurrency bulls like Galaxy CEO Mike Novogratz believe it would take Bitcoin from 5 to 10 years to achieve such a massive milestone.
However, there are those who believe that the price of Bitcoin could soar to $1 million in the near future. As reported by U.Today, Jeff Park of Bitwise Invest recently opined that this could be possible if the U.S. government does create a Bitcoin reserve in 2025. However, he has a very low chance of this happening.
In addition, Blockstream CEO Adam Back has also predicted that Bitcoin could match the market cap of gold by 2025.
Source: u.today
