U.As we speak – In an sudden flip of occasions, CNBC’s Mad Cash host Jim Cramer has as soon as once more sparked a heated debate together with his current remarks. On the second day of the brand new yr of 2024, Cramer, a famend cryptocurrency critic, posed a seemingly innocuous query that resonated with the crypto group.
Whereas Cramer’s query could not carry speedy penalties, fans, effectively acquainted together 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 usually choose 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. Presently priced at $45,879, Bitcoin has reached its highest worth since April 2022, registering a 3% improve on the second day of the yr and propelling its market capitalization to a formidable $892.65 billion.
BTC to USD by Over the previous calendar yr, 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 certainly one of its most vocal critics?
This text was initially revealed on U.As we speak
