Famous financial commentator and host of CNBC's “Mad Money” Jim Cramer made a bold prediction about Bitcoin (BTC), suggesting that the price of the cryptocurrency has “reached its peak.”
Jim Cramer Predicts Bitcoin Price Has “Run to the Top”
“Let's stop fooling around. If you want Bitcoin, buy Bitcoin. By the way, I think Bitcoin has peaked,” Cramer said on a recent episode of his show.
Cramer's market predictions have often been viewed as an outlier in the trading community. This reputation stems from previous market predictions that sometimes contradict actual market movements.
For example, on January 2, Cramer praised Bitcoin's resilience, marking a significant shift from his previous skepticism. Despite his newfound confidence in Bitcoin and his statement that it was “here to stay,” the cryptocurrency's price had fallen below $41,000 the next day.
In October, Cramer predicted a significant decline for Bitcoin. However, contrary to Cramer's prediction, the digital currency has made an impressive rise, gaining 150% in value by 2023.
This has led investors to humorously interpret Cramer's recent comments about Bitcoin as a potential bullish signal.
*This is not investment advice.
