Jim Cramer issues a major warning about the price of Bitcoin (BTC).

CNBC’s “Mad Money” host Jim Cramer has issued a stark warning about the future of Bitcoin (BTC) on social network X.

Cramer, known for his incisive financial commentary, highlighted the worrying start to the Bitcoin sell-off.

He noted: “Someone will probably try to take a stand here, but as we said last night, you can’t have an asset double in value by hundreds of billions of dollars in anticipation of an ETF and then almost no one shows up.”

On a recent episode of “Mad Money,” Cramer said that Bitcoin could “peak,” predicting a potential decline in its value.

On January 12, he took to Twitter to reiterate his belief that Bitcoin had reached its peak.

This prediction by Cramer turned out to be accurate considering that the price of Bitcoin fell below the $41,000 mark on Thursday.

ETF Launch: A News Selling Event?

The conversion of the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF last week led to significant outflows, exceeding $1.5 billion.

JPMorgan analysts, led by Nikolaos Panigirtzoglou, expressed concern that further outflows, which could reach $3 billion, could put more downward pressure on Bitcoin prices.

Economist and noted cryptocurrency skeptic Peter Schiff also weighed in, warning about the impact of new SEC regulations on Bitcoin’s transaction costs and future price.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة