The compass that points south strikes again – For those who do not know Jim Cramerpresenter of the American show Mad Moneyyou must know that his predictions usually end up as perfect counter-indicators what will actually happen in the markets. He had, for example, warmly recommended to sell Bitcoin (BTC) at its lows of December 2022. You know, right before the bull rally of this beginning of 2023. This time, Jim Cramer announces that ” It’s finish “ for the king of cryptos: the mass adoption of BTC is close?
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Jim Cramer didn’t like/then liked/then doesn’t like Bitcoin again
Even before turning his jacket on Bitcoin and cryptocurrencies – that he acclaimed and encouraged to buy on their highs of the 2021 bull run – the presenter Jim Cramer had already (very) often been wrong about its forecasts for traditional finance.
Moreover, in addition to being a compass that almost always indicates the wrong direction, it is also a weathercock first class. As we remind Live Bitcoin Newsbefore Jim Cramer boasted that Bitcoin had made him “make a ton of money” at the bullish peak of 2021he announced that ” the sun was setting “ for BTC in 2018.
And according to the publication of Live Bitcoin NewsJim Cramer comes from reoffend back to his pessimism for Bitcoin. He would have declared that the king of cryptos “soon will wither and die”. The host would have clarified that Bitcoin “will dry out faster than a river bed”.
Immediately, among members of the cryptosphere on Twitter, it was enthusiasmor even a sort of buy signal on Bitcoin, given the liabilities “anti-forecast” by Jim Cramer. It must be said that our counter-indicator struck again recently in traditional finance, describing the First Republic Bank as a “very good bank”March 10, 2023. You know, that same bank Who just sank and to be bought (post bankruptcy) by JP Morgan…
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