Inverse Jim Cramer says Bitcoin is on the way to $1 million
Jim Cramer said that Bitcoin is not going to hit the $1 million trade price.
Jim Cramer, CNBC’s “Mad Money” host, offers energetic market insights and practical investment advice, making complex financial concepts accessible to a broad audience. He is also a Crypto investor but not a supporter. He believes investment in crypto assets for the short term is a good idea to make money but relying on these assets for the long term is not a good idea.
In the past many times, he passed several predictions around Bitcoin & Ethereum and the majority of the time his prediction turned opposite to what he said.
On behalf of Cramer’s opposite prediction results on Bitcoin, some people created the “inverse of Jim Cramer ” Bitcoin investment strategy.
Under this investment strategy, people take an opposite approach to investing and market analysis compared to him.
Recently Jim Cramer tweeted that Bitcoin is no way to the $1 million trade price level.
Crypto enthusiasts said that it is good to be a very big hint by Jim Cramer that Bitcoin is now on the way to hitting the $1 million trade price.
IMF, Bitcoin, & financial stability
Just a few days ago, a new report from the International Monetary Fund (IMF) acknowledged that Bitcoin (BTC) is becoming more important for moving money across borders, especially during times when the global financial system is shaky.
The report also pointed out that a lot of Bitcoin transactions are happening in countries like Argentina and Venezuela. In such places, people are facing high inflation and strict rules on money.
It is worth it to note that the IMF forced the Bitcoin bull country El Salvador many times to change their Bitcoin law & remove Bitcoin from the legal tender status.
The majority of Bitcoin supporters are looking at this IMF report as a very big win for the Bitcoin community.
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