Mad Money Host Jim Cramer Says 'Bitcoin Is Topping Out'

[sirty143]

Mad Money Host Jim Cramer Says 'Bitcoin Is Topping Out'

Jim Cramer, the host of CNBC’s Mad Money show, says bitcoin is topping out. He recently said bitcoin cannot be killed, emphasizing that “It’s a technological marvel, and people have to start recognizing that it’s here to stay.” Cramer’s remarks followed a surge in the crypto market, with bitcoin surpassing $47,000 on Monday... See more for yourself here.

Your opinion is greatly appreciated.

[Senin]

Jim Cramer's statement that Bitcoin had reached its price peak when it rose to $47,000 at the time turned out to be prophetic for the near term in that the peak would be followed by a fall. Now the price of Bitcoin has fallen to $45,144, as information has emerged that the SEC has not yet approved spot Bitcoin ETFs. Now the price of Bitcoin has fallen by four percent, but the price of Ethereum, on the contrary, has increased by more than four percent.
At the same time, the halving is approaching. This means that Bitcoin will soon grow in price very highly, regardless of the actions of the SEC.

[Amphenomenon]

I don't actually think it was his claim about bitcoin can not be killed that made bitcoin moves to almost $48000 but the false news about Bitcoin ETF being approved and I guess his claim was just a little catalyst since after the actual news about bitcoin ETF the price of bitcoin dropped to around $46k and now sits around $43k.
To me the bitcoin price movement is still unpredictable to me, either going bear or bull

[robelneo]

Mad Money Host Jim Cramer Says 'Bitcoin Is Topping Out'

Jim Cramer, the host of CNBC’s Mad Money show, says bitcoin is topping out. He recently said bitcoin cannot be killed, emphasizing that “It’s a technological marvel, and people have to start recognizing that it’s here to stay.” Cramer’s remarks followed a surge in the crypto market, with bitcoin surpassing $47,000 on Monday... See more for yourself here.

Your opinion is greatly appreciated.

I remember when the internet was conceptualized there were so many unbelievers until those unbelievers became a part of the internet, the same thing that is happening with Bitcoin when Bitcoin was first introduced there were so many unbelievers but now that Bitcoin is gaining a worldwide recognition, those unbelievers are not holding Bitcoin and they are accumulating Bitcoin and they are shilling it to high heavens.

[joniboini]

the same thing that is happening with Bitcoin when Bitcoin was first introduced there were so many unbelievers but now that Bitcoin is gaining worldwide recognition, those unbelievers are not holding Bitcoin and they are accumulating Bitcoin and they are shilling it to high heavens.

I don't think it is that similar, to be honest. Everyone can try the internet even if there is no YouTube or Reddit, but it takes some capital to use Bitcoin. However, I do agree that people's sentiments can quickly change after they realize or experience the usefulness or potential benefits of new technology. On the other hand, I'm pretty sure big players already accumulated from years ago even before retail started to flock around the ETF narrative. Just remember to always do what they do, not what they say pretty much everywhere. I won't be surprised if the host started saying the opposite if the bubble happens just to make sure retail is exhausted and they can scoop BTC at a much cheaper price.