Bitcoin wallet creation hit 556,830 on May 29, the highest since December 2023, signaling growing user interest amid price volatility.
Scottie Pippen urged followers to “Study Bitcoin” as BTC dropped below $105,000, sparking mixed but notable reactions from crypto users.
MicroStrategy's Bitcoin holdings now exceed 580,000 BTC, worth over $61 billion, showing continued institutional confidence despite market shifts.
Scottie Pippen, a former Chicago Bulls star, addressed the cryptocurrency world with a brief but impactful message on Tuesday, urging his followers to “Study Bitcoin.” It quickly got people sharing strong opinions within the crypto community, given Pippen had recently joked that in his dreams, Satoshi predicted the movement of Bitcoin.
Bitcoin’s price has decreased almost 2% in the last 24 hours and Pippen mentioned it. The cost of a Tesla decreased from almost $107,000 to about $104,630. This drop in prices was also noticed when there was more interest in Bitcoin’s future impact on the financial sector.
Mixed reactions from the community
Following Pippen’s tweet, many social media users reacted with humor, referencing his previous dream-based Bitcoin predictions. Some users supported the message, while others shifted focus, suggesting people should invest time in studying themselves instead. The post, however, kept Pippen in the spotlight within the crypto space, where his growing presence continues to draw attention.
Despite the price dip, data from Santiment highlighted a surge in Bitcoin wallet creation. On May 29, the platform recorded 556,830 new wallets — the highest figure since December 2023. In addition, on June 2, approximately 241,360 Bitcoins moved across the network, marking the most active day since December 8, 2024. This activity suggests that interest in Bitcoin remains strong, even as prices fluctuate.
https://twitter.com/santimentfeed/status/1930415139846508700
Strategy’s Bitcoin accumulation continues
MicroStrategy, now known simply as Strategy, has remained aggressive in its Bitcoin acquisitions. Company co-founder Michael Saylor has often emphasized the value of understanding Bitcoin, stating that 100 hours of study convinced him to pivot the company’s treasury strategy in August 2020. Since then, Strategy has acquired 580,955 Bitcoins, currently valued at over $61 billion, using a mix of cash reserves and security offerings.
Recent comments by Elon Musk about the U.S. debt reaching $5 trillion have also been interpreted by some as an indirect endorsement of Bitcoin. The timing of these remarks, coupled with market fluctuations and public messages from figures like Pippen, adds momentum to ongoing debates around cryptocurrency adoption.
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