CNBC’s Jim Cramer Asserts Bitcoin’s Invincibility in the Financial Landscape
Jim Cramer, host of CNBC’s Mad Money show, declared bullish sentiments on Bitcoin, expressing that he sees the cryptocurrency as resilient and impervious to defeat.
Contrary to the late Charlie Munger’s critical stance, Cramer acknowledged Bitcoin as a technological marvel that people need to recognize as a permanent fixture. Addressing Bitcoin’s recent price surge and the pending SEC decision on spot exchange-traded funds (ETFs), Cramer highlighted the cryptocurrency’s remarkable comeback while suggesting that those involved in spot Bitcoin ETFs may use the opportunity to sell.
Munger, known for his negative views on Bitcoin, passed away on Nov. 28. Despite Munger’s pessimism, Cramer, who had previously advocated for Bitcoin, emphasized its enduring nature and dismissed Munger’s blindness to its technological marvel. Cramer’s evolving views on cryptocurrency include selling his Bitcoin holdings due to ransomware concerns, buying Ether (ETH), and expressing concerns about Binance, FTX, and Tether. In December 2022, he advised investors to exit the crypto market, citing potential SEC crackdowns on non-compliant firms.
Clever Robot News Desk 3rd January 2024
Related Article
