- Jim Cramer expresses doubts about Bitcoin’s future, hinting at a significant drop.
- Some see Cramer’s bearish stance as a potential signal for a new Bitcoin bull market.
- Hedge fund manager Paul Tudor Jones finds Bitcoin and gold increasingly appealing as investments.
Renowned CNBC TV host Jim Cramer has once again expressed doubts about the future of Bitcoin, suggesting that it might be in for a significant drop. However, given Cramer’s track record of making inverse market predictions, some people consider his bearish outlook a potential signal for a new Bitcoin bull market.
Congrats Bitcoin bulls pic.twitter.com/RB6qoctBpc— Not Jim Cramer (@CramerTracker) October 10, 2023
In a recent episode of “Squawk on the Street,” Cramer announced that he’s avoiding Bitcoin, stating, “I can’t be in something where Mr. Bitcoin is about to go down big.” While the financial analyst didn’t provide explicit reasons for his bearish stance on Bitcoin, some speculate that his reference to “Mr. Bitcoin” might be related to the ongoing criminal trial of Sam Bankman-Fried in New York.
Cramer, who has a history of making inaccurate predictions, especially in the crypto marke…
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