Scottie Pippen Celebrates Bitcoin Price Surge to $105,700, What’s the Impact?

Updated

May 14, 2025

Gambar Scottie Pippen Celebrates Bitcoin Price Surge to $105,700, What’s the Impact?

Jakarta, Pintu News – NBA legend Scottie Pippen recently expressed his excitement for the surge in Bitcoin prices via social media.

Damn it feels good to be a Bitcoin BULL
— Scottie Pippen (@ScottiePippen) May 11, 2025

With the price of Bitcoin (BTC) touching $105,700, many are interested in learning more about the dynamics behind this price movement and its impact on the global market.

Check out the full information below!

Bitcoin Price Spike: A Global Phenomenon

This surge in Bitcoin (BTC) price comes after representatives of the US and Chinese governments reached an agreement in Geneva to reduce trade tariffs for 90 days.

This agreement aims to ease international tensions that have affected global trade and financial markets. According to data from Santiment, this announcement had an immediate positive impact on Bitcoin (BTC) prices and major stock indices. The market reacted quickly with a significant increase in the value of Bitcoin (BTC).

However, Santiment emphasized the importance of waiting for an official statement from Donald Trump regarding the details of this deal. The tariff reduction is expected to provide more room for economic growth for both countries and strengthen the Bitcoin (BTC) exchange rate in the global market.

Also read: Dubai and Crypto.com Collaborate to Revolutionize Government Payments with Crypto!

Metaplanets and Bitcoin Dominance

Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.

メタプラネットのビットコイン保有量がついにエルサルバドルを超えました。小さな一歩から始まり、今や国家に匹敵する規模へ。まだまだここからです。 pic.twitter.com/E18Td9tHfc
— Simon Gerovich (@gerovich) May 12, 2025

Japanese company Metaplanet has announced a new Bitcoin (BTC) purchase that makes them the holder of more Bitcoin (BTC) than El Salvador. With the purchase of 1,241 Bitcoin (BTC) worth $125.3 million, Metaplanet now has a total of 6,796 Bitcoin (BTC) in its long-term portfolio.

This puts them above El Salvador which has 6,714 Bitcoin (BTC). Metaplanet CEO, Simon Gerovich, revealed via Twitter that their strategy is to follow the Strategy playbook in accumulating Bitcoin (BTC). With a price per Bitcoin (BTC) purchased of around $100,967, this investment shows Metaplanet’s commitment to Bitcoin (BTC) as an asset of the future.

Also read: New Innovation, Solana Co-Founder Reveals Global Meta Blockchain Plans!

Bitcoin Holdings Comparison: Strategy vs BlackRock

Metaplanet(@Metaplanet_JP) bought another 1,241 $BTC($125.3M) at $100,967.

Metaplanet currently holds 6,796 $BTC($613.3M), with an average buying price of $90,243.https://t.co/LRlXDODQYc pic.twitter.com/o34vsOXJEB
— Lookonchain (@lookonchain) May 12, 2025

Although Metaplanet and El Salvador have shown growth in their Bitcoin (BTC) holdings, there is still another big player in this market. Strategy, formerly known as MicroStrategy, owns 555,450 Bitcoin (BTC) valued at almost $58 billion. However, they now lag behind BlackRock’s Bitcoin ETF iShares which owns almost 572,000 Bitcoin (BTC).

This large stake by BlackRock shows how major financial institutions are starting to seriously adopt Bitcoin (BTC) as part of their investment portfolios. It also signals an important shift in how the market views Bitcoin (BTC) as a viable and profitable investment asset.

Conclusion

With endorsements from big names like Scottie Pippen and global companies continuing to increase their investments in Bitcoin (BTC), the future of the cryptocurrency is looking brighter than ever. Significant price increases and adoption by large entities show that Bitcoin (BTC) is increasingly accepted as a mainstream asset and not just a speculation tool.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference