Satoshi Nakamoto Tells NBA Legend In His Dream: Bitcoin To Slam Dunk To $84K!

NBA
legend
Scottie
Pippen
recently
made
headlines
for
claiming
that
he
had
dreamt
of
Bitcoin
creator
Satoshi
Nakamoto
telling
him
that
the
cryptocurrency
would
reach
$84,650
by
November
5.

His
comments
have
generated
a
lot
of
reactions,
from
some
ridiculing
at
how
outrageous
such
a
dream
can
get
to
others
questioning
the
timing
when
Bitcoin
just
fell
to
about
$55,602.

Pippen’s
revelation
follows
his
past
correspondence
with
the
crypto
community,
which
included
dropping
an
NFT
collection
in
2022
and
indicating
interest
in
Ethereum
and
Solana.
Though
fans
on
social
media
have
poked
fun
of
the
assertion
and
how
horrible
a
timing
it
is,
his
most
recent
endeavor
seems
to
be
an
intriguing
one.

Satoshi
Nakamoto
visited
me
in
my
dream
last
night
and
predicted
that

#Bitcoin
would
be
at
$84,650
on
November
5,
2024.
Not
financial
advice.

—
Scottie
Pippen
(@ScottiePippen)

September
3,
2024

Possible
Catalysts
For
A
Bitcoin
Rally

A
prelude
to
a
bull
run
could
be
triggered
by
a
perceived
pivot
of
the
US
Federal
Reserve.
Its
probable
rate
cut
in
the
September
18
FOMC
meeting,
after
the
Bank
of
England
and
European
Central
Bank,
will
be
the
most
closely
watched
event
this
week.

BTCUSD trading at $57,170 on the daily chart: TradingView.com

A
rate
cut
would
decrease
the
cost
of
borrowing,
and
possibly
even
embolden
investors
to
take
more
risks
on
Bitcoin.
US
presidential
elections
may
also
weigh
in
on
November
5
in
the
crypto
market,
with
one
of
the
front-runners
for
the
presidential
seat,
Donald
Trump,
being
pro-crypto
and
promising
to
let
the
industry
thrive.

Analyst’s
Bleak
Outlook
For
Bitcoin

Meanwhile,
analyst
and
former
crypto
exchange
CEO
Arthur
Hayes
recently
shared
his
views:
the
market
will
be
bearish
in
the
near
future,
at
least
until
the
end
of
September.
He
suggests
Bitcoin
could
make
its
way
down
to
the
US$50,000
mark
in
the
worst
case.

He
bases
his
logic
on
macroeconomic
elements
like
the
US
government’s
spending
habits
and
the
futility
of
the
tightening
policy
of
the
Federal
Reserve.
He
says
this
will
lead
to
the
reprising
of
the
bond
market,
especially
as
10-year
Treasury
yields
are
already
nearing
the
risky
mark
of
5%,
which
the
Fed
hasn’t
done.

On
Forecasts
And
Dreams

Despite
the
mixed
forecast,
not
all
analysts
are
yet
bearish
on
the
long-term
prospects
of
Bitcoin.
According
to
Crypto
Titan,
projections
point
to
a
surge
in
BTC
up
to
as
much
as
$120,000
in
the
coming
months.

Scottie
Pippen’s
weird
Bitcoin
dream
unraveled
his
quite
complicated
relationship
with
the
digital
gold
and
the
volatility
of
the
market.
Perhaps,
his
motive
demonstrates
an
actual
interest
in
crypto,
but
that
uncertainty
and
criticism
brought
into
sharp
focus
the
need
for
transparency
and
legitimacy
within
all
discourses
on
finances.

Featured
image
from
Self-Awareness
Blog,
chart
from
TradingView