- Jim Cramer warns against investing in Bitcoin and advises choosing gold.
- Altcoin Daily addresses Cramer’s words as his worst advice, spotting Bitcoin’s bullish future.
- Following the fall of GBTC’s outflow, Bitcoin surges 5%, currently trading above $42K.
CNBC’s Jim Cramer recently advised the crypto community to invest in Gold instead of believing in crypto. Despite Bitcoin’s notable surges amidst a fluctuating market, Cramer warned against investing in Bitcoin. In response, Altcoin Daily, a prominent analytics platform, addressed Cramer’s words as Cramer’s “Worst Financial Advice” ever.
Jim Cramer Gives Worst Financial Advice of His Life: Bitcoin, Crypto, AltcoinsWATCH: https://t.co/AyY4HBExS2 pic.twitter.com/MG3qgFRssl
— Altcoin Daily (@AltcoinDailyio) January 28, 2024
As per his recent CNBC video, Cramer spoke against Bitcoin’s bullish future, sharing insights on commodity broker Carley Garner’s words. Cramer cited,
The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says you sho…The post BTC Surges Following a Dip in GBTC’s Outflow: Is BTC’s Bullish Future Ahead? appeared first on Coin Edition.