Jim Cramer calls Bitcoin price decline ‘nasty sell-off’
TV personality and founder of hedge fund Cramer & Co. Jim Cramer called the decline in Bitcoin a “ nasty beginning to the sell- off”. In his post in X on Jan. 19, Cramer doubted the prospects for further growth of the first cryptocurrency. As an argument, he noted that an asset cannot double in price by hundreds of billions in anticipation of an ETF. Nasty beginning to the bitcoin selloff. Someone's probably going to try to make a stand here but as we said last night you can't have an asset double in value by hundreds of billions of dollars in anticipation of an ETF and then almost no one shows up — Jim Cramer (@jimcramer) January 18, 2024 According to Cramer, well-known investor and trader Larry Williams warned him against buying digital assets because “the market is very far from the bottom of cryptocurrencies.” Users of social networks consider Cramer a kind of “indicator” whose predictions, in the vast majority of cases, do not come true. Many in the comm...