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Cryptocurrency: Jim Cramer Praises BTC, ETH: Should We Be Worried?


by Juhi Mirza
for Watcher.Guru
Cryptocurrency: Jim Cramer Praises BTC, ETH: Should We Be Worried?

Jim Cramer, the notable CNBC stock analyst, recently showered generous words of praise for the cryptocurrency domain. Cramer shared how certain cryptocurrencies are thriving at the moment and could deliver better returns by drawing a comparison with the precious yellow metal gold. However, the internet is fearing the inverse Cramer phenomenon, which may inadvertently affect the cryptocurrencies mentioned by him. What is this phenomenon all about, and which cryptocurrencies might be affected? Let’s find out.

Also Read: Buy Jio Financial Shares: Target 342 With a Profit of 5%, Say Analysts

Jim Cramer Praises Crypto Coins Like Bitcoin and Ethereum

Bitcoin
Source – Investopedia

Jim Cramer, the popular American TV personality and a former hedge fund manager, recently announced his adoration for the cryptocurrency domain. While hosting his CNBC show, Cramer stated how crypto can be a great hedge against US deficits while drawing a comparison with gold. The former hedge manager was quick to outline how gold can always be confiscated. Cramer later recommended investors explore Bitcoin and Ethereum and urged them to add them to their financial portfolios.

“I’ve liked crypto for a long time. Mostly because I’m skeptical about the government deficit.” Cramer shared.

However, the internet is introducing a different perspective, emphasizing the “inverse Cramer theory.” This phenomenon usually includes a popular notion that investors should pivot in the opposite direction of what Cramer advises. This financial “superstition” has gripped the masses, implying that Bitcoin and Ethereum may now fall or tank since Cramer has spoken words of praise for both tokens.

Also Read: Walmart Stock a Buy at ATH: Can WMT Build on 72% Surge?

Bitcoin Shows Price Volatility While Ethereum Steadily Moves For Now

Earlier this week, Cramer was generous enough to openly talk about Bitcoin, calling BTC a winner. The token has fallen dramatically below the $95K price level and is currently sitting at the $92K price level.

In addition to this, Ethereum is currently holding its ground at $3,400 but has dropped 0.6% in the last 24 hours. As Cramer has touted both Ethereum and Bitcoin as tokens that “deserve a spot” in investors’ portfolios, the internet is expecting a certain level of price volatility to occur in both tokens, stressing on Mad money host’s jinx phenomenon.

Also Read: Ripple: Will XRP Hit $2 In December 2024?

Read the article at Watcher.Guru

Read More

Analyst Says Bitcoin Primed for New All-Time Highs if BTC Reclaims These Resistance Levels, Updates Outlook on Ethereum and Bittensor

Analyst Says Bitcoin Primed for New All-Time Highs if BTC Reclaims These Resistance Levels, Updates Outlook on Ethereum and Bittensor

A widely followed crypto analyst says that Bitcoin is primed to print new all-time hi...
UK’s Reform Party puts crypto tax cuts and Bitcoin reserve plan on its campaign agenda

UK’s Reform Party puts crypto tax cuts and Bitcoin reserve plan on its campaign agenda

The United Kingdom political party Reform UK wants to make cryptocurrency one of its ...
MainNewsCryptocurren...

Cryptocurrency: Jim Cramer Praises BTC, ETH: Should We Be Worried?


by Juhi Mirza
for Watcher.Guru
Cryptocurrency: Jim Cramer Praises BTC, ETH: Should We Be Worried?

Jim Cramer, the notable CNBC stock analyst, recently showered generous words of praise for the cryptocurrency domain. Cramer shared how certain cryptocurrencies are thriving at the moment and could deliver better returns by drawing a comparison with the precious yellow metal gold. However, the internet is fearing the inverse Cramer phenomenon, which may inadvertently affect the cryptocurrencies mentioned by him. What is this phenomenon all about, and which cryptocurrencies might be affected? Let’s find out.

Also Read: Buy Jio Financial Shares: Target 342 With a Profit of 5%, Say Analysts

Jim Cramer Praises Crypto Coins Like Bitcoin and Ethereum

Bitcoin
Source – Investopedia

Jim Cramer, the popular American TV personality and a former hedge fund manager, recently announced his adoration for the cryptocurrency domain. While hosting his CNBC show, Cramer stated how crypto can be a great hedge against US deficits while drawing a comparison with gold. The former hedge manager was quick to outline how gold can always be confiscated. Cramer later recommended investors explore Bitcoin and Ethereum and urged them to add them to their financial portfolios.

“I’ve liked crypto for a long time. Mostly because I’m skeptical about the government deficit.” Cramer shared.

However, the internet is introducing a different perspective, emphasizing the “inverse Cramer theory.” This phenomenon usually includes a popular notion that investors should pivot in the opposite direction of what Cramer advises. This financial “superstition” has gripped the masses, implying that Bitcoin and Ethereum may now fall or tank since Cramer has spoken words of praise for both tokens.

Also Read: Walmart Stock a Buy at ATH: Can WMT Build on 72% Surge?

Bitcoin Shows Price Volatility While Ethereum Steadily Moves For Now

Earlier this week, Cramer was generous enough to openly talk about Bitcoin, calling BTC a winner. The token has fallen dramatically below the $95K price level and is currently sitting at the $92K price level.

In addition to this, Ethereum is currently holding its ground at $3,400 but has dropped 0.6% in the last 24 hours. As Cramer has touted both Ethereum and Bitcoin as tokens that “deserve a spot” in investors’ portfolios, the internet is expecting a certain level of price volatility to occur in both tokens, stressing on Mad money host’s jinx phenomenon.

Also Read: Ripple: Will XRP Hit $2 In December 2024?

Read the article at Watcher.Guru

Read More

Analyst Says Bitcoin Primed for New All-Time Highs if BTC Reclaims These Resistance Levels, Updates Outlook on Ethereum and Bittensor

Analyst Says Bitcoin Primed for New All-Time Highs if BTC Reclaims These Resistance Levels, Updates Outlook on Ethereum and Bittensor

A widely followed crypto analyst says that Bitcoin is primed to print new all-time hi...
UK’s Reform Party puts crypto tax cuts and Bitcoin reserve plan on its campaign agenda

UK’s Reform Party puts crypto tax cuts and Bitcoin reserve plan on its campaign agenda

The United Kingdom political party Reform UK wants to make cryptocurrency one of its ...