'You Can't Kill It': Jim Cramer's Take On Bitcoin Is Very Different Today Than In December 2022
Portfolio Pulse from Khyathi Dalal
Jim Cramer, a prominent market commentator, has changed his stance on Bitcoin, acknowledging its resilience and recent rally. In December 2022, he advised selling Bitcoin when it was priced at $17,100. As of the article's publication, Bitcoin has surged to over $45,000. Cramer's comments on CNBC and social media reflect his new perspective, recognizing Bitcoin as a 'technological marvel that is here to stay,' despite his previous skepticism and the SEC's critical stance on crypto.
January 02, 2024 | 9:51 pm
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POSITIVE IMPACT
Jim Cramer's new positive stance on Bitcoin, acknowledging its comeback and resilience, could influence investor sentiment and potentially contribute to short-term bullish momentum for Bitcoin.
Jim Cramer's opinions are closely followed by many investors. His shift from a bearish to a bullish stance on Bitcoin, especially after a significant price increase, could lead to increased investor confidence and support for Bitcoin's price in the short term. However, the impact of such market commentary can be unpredictable and may not solely drive market movements.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80