Bitcoin has hit a new all-time high above $118K, and is up 9% this week. The rally is lifting the whole crypto market, and bold predictions are flooding in. NBA legend Scottie Pippen also jumped in to comment on Bitcoin’s new all-time high. He shared a bold message to his followers on X, saying, “SEND EVERYTHING HIGHER.”
He didn’t mention just Bitcoin, but also included major altcoins like Bitcoin, Ethereum, Dogecoin, Shiba Inu, XRP, Cardano, and Solana. His overly bullish message has the crypto crowd buzzing, who are calling for a continued market rise.
The broader market is also riding the wave with gains across the board. Traders are watching closely for a move above $120,000.
Altcoins Riding the Wave
Bitcoin’s breakout has reignited the crypto market, acting as a liquidity trigger and pushing capital into altcoins. Ethereum is nearing $3,000 with strong ETF inflows, Solana has reclaimed $160 and is eyeing $200, while tokens like SHIB, AVAX, and HYPE also posted impressive gains. Analysts see this as a broader market shift, with BTC leading the charge and altcoins following fast.
Investors further expect new all-time highs in the second half of the year, fueled by rising corporate Bitcoin buying and progress on U.S. crypto legislation.
Bitcoin spot ETFs also saw a massive $1.18 billion net inflow on Thursday, the second largest in history. Ethereum spot ETFs saw $383 million in net inflows.
Bullish Forecasts from Crypto Experts
Former Binance CEO also shared a simple yet powerful message. He asked his followers not to panic if they missed buying Bitcoin when it was cheaper, as he notes that there will be more chances. While governments can keep printing money, Bitcoin has a fixed supply of 21 million coins, which will make it more valuable over time.
Cardano co-founder Charles Hoskinson says that the long-awaited “gigachad bull run” is near. He predicts Bitcoin will soar to $250,000, and trillions will flow into altcoins. He points to the upcoming Genius and Clarity Acts as the key catalysts that will unlock massive growth.
However, Peter Schiff, a well-known Bitcoin critic and gold supporter, says that this might be the perfect time to sell Bitcoin and buy silver. He believes that silver has more upside and less risk, claiming Bitcoin could crash while silver’s downside is limited.
