Jim Cramer Now Says Bitcoin Is 'Topping Out'
Cramer’s picks have the tendency to move in the opposite direction he touts.
A signal historically associated with inverse bets may spell good days ahead for bitcoin (BTC) bulls as investors in the world’s largest cryptocurrency await a key regulatory for an exchange-traded fund (ETF) product in the U.S.
Jim Cramer, a former hedge fund manager and host of CNBC’s Mad Money, affirmed in a TV segment Monday that bitcoin was “topping out,” just days after he claimed bitcoin was “here to stay.”
“Let’s stop fooling around. You want bitcoin, buy bitcoin. (But) I think bitcoin is topping out,” said Cramer. Bitcoin added as much as 8% on Monday before giving back some gains, reaching as high as $47,100 for the first time since April 2021.
Read More: https://www.coindesk.com/markets/2024/01/09/jim-cramer-now-says-bitcoin-is-topping-out/
Cramer’s picks have the tendency to move in the opposite direction he touts.
A signal historically associated with inverse bets may spell good days ahead for bitcoin (BTC) bulls as investors in the world’s largest cryptocurrency await a key regulatory for an exchange-traded fund (ETF) product in the U.S.
Jim Cramer, a former hedge fund manager and host of CNBC’s Mad Money, affirmed in a TV segment Monday that bitcoin was “topping out,” just days after he claimed bitcoin was “here to stay.”
“Let’s stop fooling around. You want bitcoin, buy bitcoin. (But) I think bitcoin is topping out,” said Cramer. Bitcoin added as much as 8% on Monday before giving back some gains, reaching as high as $47,100 for the first time since April 2021.
Read More: https://www.coindesk.com/markets/2024/01/09/jim-cramer-now-says-bitcoin-is-topping-out/
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