The compass that points to the South. The host of the economic show Mad Money, Jim Crameris famous for its enormous counter-predictions. He got it impressively wrong on numerous occasions. Particularly when he announced sharp drops in Bitcoin (BTC), just before spectacular increases ! Today, Jim Cramer announces that the BTC price East ” at its highest »: the cryptosphere is joyful, hoping that he is seriously mistakenone more time.
Bitcoin would be reaching “its maximum” according to Jim Cramer
Let us recognize Jim Cramer that he softened his position on Bitcoin and cryptocurrencies in recent months. He even recently recognized that the invention of “Brilliant” Satoshi Nakamoto is a “technological marvel”.
But his tendency to make (anti-)forecasts clearly regained the upper hand. It’s again during the show Mad Moneyon the CNBC channel, that Jim Cramer made his latest outing on the king of crypto-assets, while the RIOT action of the BTC mining cooperative of Riot Platforms was presented on the screen:
“Let’s stop beating around the bush. If you want Bitcoin, buy Bitcoin. I also think that Bitcoin is reaching a peak (…). »
The crypto community sees this as the real start of bull run
On the side of the cryptosphere, reactions This bad (excellent?) news was not long in coming. The takeoffs of rockets and various memes bulls/bullish (including the famous “ To the Moon “) are thus out among commentators in the crypto community. Indeed, the latter firmly believe that this is a new “ buy signal “, the beginning of a ” powerful bull market » for Bitcoin and its sector.
As for example the very followed counts Reverse Cramer on the X network (nearly 300,000 followers), which published the meme very enthusiastic following celebration, after the animator’s statement:
Is the real reverse compass » what Jim Cramer announced again the exact opposite what will happen? In any case, its protrusion comes as Bitcoin has just reached a high of almost 2 years, at more than 47,000 dollars. The announcement of the long-awaited decision of the Securities and Exchange Commission (SEC), on the approval (or not) of a spot Bitcoin ETFshould very strongly decide the fate of Jim Cramer’s prediction – and directionality of the cryptocurrency market.