Scottie Pippen Urges Bitcoin Study as On-Chain Activity Surges
Scottie Pippen's Bitcoin Message Sparks Debate
Scottie Pippen, the retired NBA legend, has made waves in the crypto community with a tweet urging enthusiasts to "Study Bitcoin." His message, which follows his recent lighthearted claims about Satoshi Nakamoto appearing in his dreams, has garnered mixed reactions. While some users jokingly asked Pippen to introduce them to the elusive Bitcoin creator, others expressed support or suggested focusing on self-reflection instead.
Michael Saylor's Emphasis on Bitcoin Education
Pippen's call echoes sentiments from Bitcoin influencer Michael Saylor, who advocates for dedicating 100 hours to studying Bitcoin. Saylor, co-founder of MicroStrategy (now Strategy), credits this deep dive with his decision to pivot the company towards Bitcoin in August 2020. Since then, Strategy has amassed 580,955 Bitcoins, valued at over $61 billion, through direct purchases and securities issuance. The company has accelerated its acquisitions in 2023, surprising the market with frequent buys.
Bitcoin On-Chain Activity Sees Significant Growth
Despite Bitcoin's recent price drop to $104,630, on-chain metrics reveal heightened activity. Data from Santiment shows a record 556,830 new wallets created on May 29, the highest since December 2023. Additionally, 241,360 Bitcoins were active in the market by June 2, marking the highest level since December 2024. This surge in on-chain activity is seen as a positive indicator for Bitcoin's health and adoption.
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