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    Home»Bitcoin»Bitcoin Proves Jim Cramer's 'Rip-off' Comment Mistaken, BTC Up 473%
    Bitcoin Proves Jim Cramer's 'Rip-off' Comment Mistaken, BTC Up 473%
    Bitcoin

    Bitcoin Proves Jim Cramer's 'Rip-off' Comment Mistaken, BTC Up 473%

    By Crypto EditorJanuary 2, 2025No Comments3 Mins Read
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    Bitcoin Proves Jim Cramer's 'Rip-off' Comment Mistaken, BTC Up 473%

    Cowl picture by way of U.At this time

    Disclaimer: The opinions expressed by our writers are their very own and don’t characterize the views of U.At this time. The monetary and market info supplied on U.At this time is meant for informational functions solely. U.At this time shouldn’t be accountable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary consultants earlier than making any funding selections. We imagine that each one content material is correct as of the date of publication, however sure affords talked about could not be out there.

    Bitcoin, the primary and largest cryptocurrency by market capitalization, has elevated by almost 473% since Jim Cramer, host of CNBC’s “Mad Cash,” labeled it a “rip-off” about two years in the past.

    Bitcoin historian Pete Rizzo introduced this fascinating truth to mild in a current X put up, prompting reflection within the crypto market.

    In January 2023, whereas Bitcoin traded above the $16,000 mark, Cramer referred to it as “phony and a rip-off,” including that crypto costs are “being propped up by individuals who need them propped up.” Cramer beforehand invested in Bitcoin, Ether and non-fungible tokens (NFTs), however he offered all of his crypto belongings earlier than that point.

    The Mad Cash host would later go on to warn buyers to steer clear of crypto, telling them to get their cash out whereas they might. Cramer additionally acknowledged he would “not contact crypto in one million years” as he believed they have been primarily scams.

    Associated

    Bitcoin to Hit $250,000? Here Are 2025 Market Predictions

    Quick ahead to January 2025, and Bitcoin is now buying and selling above $96,000. Taken from the time of Cramer’s assertion (going by the CNBC “Squawk on the Avenue” video clip shared by Rizzo) when Bitcoin was buying and selling at $16,807, the lead cryptocurrency has gained almost 473% since then.

    Bitcoin 2025 predictions

    On the time of writing, Bitcoin was up 3.16% within the final 24 hours to $96,568. In December, the world’s largest cryptocurrency surpassed the a lot anticipated $100,000 mark, reaching a file excessive of $108,268 on Dec. 17.

    Associated

    Bitcoin (BTC) Hourly Death Cross Emerges: Details

    CNBC not too long ago printed a compilation of Bitcoin value predictions for 2025. Matrixport, a crypto monetary companies agency, predicts that Bitcoin will attain $160,000 by 2025. Alex Thorn, head of analysis at crypto-focused asset supervisor Galaxy Digital, believes Bitcoin will cross $150,000 within the first half of the 12 months earlier than reaching $185,000 within the fourth quarter.

    Commonplace Chartered’s Geoffrey Kendrick predicts Bitcoin’s value to double. The financial institution’s head of digital asset analysis predicted that Bitcoin would attain $200,000 by the top of 2025.

    Sid Powell, co-founder and CEO of centralized finance platform Maple Finance, believes Bitcoin will commerce between $180,000 and $200,000 by the top of 2025.



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