Jim Cramer claims Cryptocurrencies are pumping because of high manipulation


The CNBC host said that he thinks crypto is being manipulated higher.

Jim Cramer is a popular CNBC’ financial-related shows host. He is also a short-term crypto investor. In the past, Cramer passed several negative comments on the nature of Cryptocurrencies. He always suggests people not hold cryptocurrencies for the long term because all the cryptocurrencies’ prices are based on speculation & backed by nothing.

Recently Cramer said that the latest pump in the Bitcoin price took place because of the high manipulation and he has no hesitation to say it.

Cramer never gives value to the crypto investors or new people who think in favour of Cryptocurrencies, as a Crypto hater.

Bitcoin price

The current trade price of Bitcoin is $23,977 and this Btc trade price is 3.68% high over the last 24 hours.

Jim Cramer claims Cryptocurrencies are pumping because of high manipulation 1

Just a few hours ago, from the time of publication of this article, Bitcoin price also touched $24k. This is showing that Bitcoin may not remain in the range of $20k and will trade at $30k in the coming months, perhaps it is also a prediction by some Crypto market experts but should not be taken as financial advice by any person.
Just a week ago, the world’s biggest financial institution & Bank Goldman Sachs labelled Bitcoin as the best-performing asset in the world.

Since the beginning of 2023, some financial experts have shown significant support for Bitcoin and also suggested people buy Bitcoin because of the current high inflation situation & Global recession.
Yesterday, “Rich Dad Poor Dad” author Robert Kiyosaki suggested people invest money in Gold, Silver & Bitcoin to fight against the financial challenges because no government will do it for them.

Read also: Now “Pick n Pay” accepts Bitcoin in South Africa