Chinese chip stocks jump as Beijing reportedly warns against Nvidia’s H20
U.Today - Famous retired NBA player Scottie Pippen has addressed the global crypto community with a message directly related to Bitcoin.
Pippen has become famous in the crypto community recently thanks to his semi-joking tweets about the mysterious Bitcoin creator, Satoshi Nakamoto, allegedly coming to him in his dreams and sharing Bitcoin price predictions with him.
This latest Bitcoin call came as, over the past day, BTC has lost nearly 2%, falling from almost $107,000 to $104,630.
Pippen’s Bitcoin message to crypto enthusiasts
“Study Bitcoin,” Scottie Pippen tweeted earlier today. The community showed a mixed reaction to his message. Some users asked Pippen to introduce the community to Satoshi, hinting at his earlier claims of meeting the Bitcoin creator in his dreams. Several X users expressed their support for Pippen, while many recommended studying not Bitcoin but “your own Self.”Similar statements about the importance of studying Bitcoin have also come often from Bitcoin influencer and cofounder of Strategy (formerly MicroStrategy), Michael Saylor. He claims that it is enough to spend 100 hours studying Bitcoin to understand fully how it works and how it can be used for the profitability of one’s company. He claims that this is how long he spent studying BTC before he decided to pivot his company, MicroStrategy, to Bitcoin rails in the August of 2020.
Since then, the company has been purchasing Bitcoin, first using cash on its balance sheet, and then beginning to raise funds through the issuance of securities that can be later converted into MicroStrategy’s stocks, MSTR. By now, Strategy has managed to accumulate 580,955 Bitcoins worth more than $61 billion. This year, Saylor’s company has been raising a lot more funds that before, surprising the community with nearly weekly Bitcoin acquisitions.
Bitcoin’s on-chain activity surges
Major data aggregator company Santiment has reported a significant increase in Bitcoin’s on-chain activity, while BTC is trading below the $105,000 level. As of May 29, Santiment reported, a staggering 556,830 new Bitcoin wallets were created — this is the highest value since early December 2023.Besides, as on June 2, Santiment spotted 241,360 Bitcoins circulating the crypto market — the highest value of this metric since Dec. 8, 2024. It noted that this increase in on-chain activity is certainly a good sign.