U.At this time – In an sudden flip of occasions, CNBC’s Mad Cash host Jim Cramer has as soon as once more sparked a heated debate along with his latest remarks. On the second day of the brand new 12 months of 2024, Cramer, a famend cryptocurrency critic, posed a seemingly innocuous query that resonated with the crypto neighborhood.
Whereas Cramer’s query might not carry quick penalties, lovers, nicely acquainted along with his bearish views on the digital asset, couldn’t assist however dissect the potential implications.
Cramer’s skepticism has, prior to now, given rise to the “Inverse Cramer” phenomenon, the place traders typically decide to take the alternative stance to his predictions. This contrarian technique gained important traction, resulting in the creation of an Inverse Cramer ETF in October 2022 by funding agency TUTTLE.
renews yearly highs
Regardless of Cramer’s doubting inquiry, is making headlines for its bullish efficiency. At present priced at $45,879, Bitcoin has reached its highest worth since April 2022, registering a 3% enhance on the second day of the 12 months and propelling its market capitalization to a powerful $892.65 billion.
BTC to USD by Over the previous calendar 12 months, BTC’s capitalization has surged by an astonishing 277%, surpassing the half-trillion-dollar mark.
Because the crypto market watches Cramer’s skepticism play out, the query lingers: will the proceed its upward trajectory in 2024, defying the doubts raised by one in every of its most vocal critics?
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