Former hedge fund manager and host of CNBC's Mad Money Jim Cramer has recently taken a pessimistic position on #bitcoin and other cryptocurrencies. Cramer said, "I can't go out with Bitcoin because I can't be in something where Mr. Bitcoin is about to go down big" on October 11, 2023.
It's unclear if "Mr. Bitcoin" is referring to Sam Bankman-Fried's current trial or to $BTC in general.
The majority of Cramer's Bitcoin holdings were previously sold off in 2021 after China cracked down on #cryptocurrency miners. He also expected a further price decrease within the same period and voiced concerns about Bitcoin's structural problems. Cramer spoke on cryptocurrency market manipulation in June 2023 and encouraged investors to get their money out of cryptocurrency, describing #crypto platforms as "poppycock" and primarily scams.
It's important to remember that Cramer has had conflicting opinions in the past on cryptocurrencies. He expressed his need for someone to warn those involved in #trading cryptocurrencies that it is possible to lose everything in a 2023 interview.
He referred to those who still own cryptocurrency as "dumbs" in January 2023.
Before making any investment selections, investors should think about many points of view and conduct independent research including latest #cryptonews .
