Key Points
- Michael Saylor, co-founder of Microstrategy, encouraged former NBA star Scottie Pippen to invest in Bitcoin.
- Bitcoin saw a rise of over 4%, reaching a trading price of $66,993, despite potential volatility.
Michael Saylor, the co-founder of Microstrategy and a prominent advocate for Bitcoin (BTC), consistently takes advantage of opportunities to promote the digital currency.
He recently engaged in a discussion on social media with former NBA player Scottie Pippen. The conversation revolved around the rapidly growing crypto community and Pippen’s interest in it.
Scottie Pippen’s Crypto Interest
Pippen’s social media post seemed to be a blend of irony and self-promotion, directed at the expanding world of cryptocurrency. His comment, “There was Satoshi Nakamoto and then there is Scottie Pippen,” resonated with many crypto enthusiasts and fueled further discussion.
Saylor responded to Pippen’s tweet by encouraging him to invest in BTC, using the name of Bitcoin’s creator, Satoshi Nakamoto, to underscore his recommendation.
Bitcoin’s Market Performance
In the meantime, BTC’s price rose by more than 4% in the last 24 hours, hitting a trading value of $66,993 according to CoinMarketCap. The Relative Strength Index (RSI) was at 61, above the neutral level, suggesting a strong bullish sentiment.
However, the widening Bollinger Bands indicated increased volatility, implying that bearish forces might soon take control. Despite these short-term fluctuations, the crypto community remains focused on Bitcoin’s long-term potential. They appear to be unaffected by temporary volatility, maintaining a strong belief in BTC’s enduring value.
