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Mainstream Asset Managers Will Flood Into Bitcoin Soon – Jim Cramer


Mainstream Asset Managers Will Flood Into Bitcoin Soon – Jim Cramer

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  • Mainstream asset managers will embark on a Bitcoin buying spree.
  • US lawmakers will decide on important crypto-related bills this week.
  • Crypto regulation will attract institutional investors into the ecosystem.

CNBC’s Jim Cramer thinks many mainstream asset managers are about to embark on a Bitcoin buying spree, and he believes that even includes long-time skeptics like JP Morgan’s Jamie Dimon. 

The former hedge fund manager said during his latest “Squawk on the Street” TV show that investors are speaking among themselves and encouraging each other to invest in the top cryptocurrency.

Bitcoin Price Surges Ahead of Crucial Crypto Week

Cramer made the investor influx prediction after Bitcoin’s latest surge, which saw the cryptocurrency reach a $123,236 all-time high. 

Related: Crypto Czar Says GENIUS Act Is Trump’s Next Win After ‘One Big, Beautiful Bill’

The flagship crypto continued upwards after bouncing off support at $98,240 towards the end of June before breaking above th…

The post Mainstream Asset Managers Will Flood Into Bitcoin Soon – Jim Cramer appeared first on Coin Edition.

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