Analyst Jim Cramer, who was humorously criticized in the cryptocurrency world for saying the opposite of his predictions, finally published a statement after the Bitcoin price exceeded $ 64,000.
Cramer said that after the success of Bitcoin Spot ETFs upon approval, it seems obvious that Ethereum Spot ETFs will also be launched soon.
In his statement on January 22, Cramer hinted at a decline by saying that the BTC price would “have difficulty finding the bottom area.” It has risen more than 50% since Cramer's announcement.
Jim Cramer has recently softened his opposition to BTC and started to make more moderate statements. In a recent speech, he said that it is not possible to kill Bitcoin and added that Warren Buffett's former right-hand man, Charlie Munger, is blindfolded against Bitcoin. He continued:
“This is a technological miracle and people need to start accepting that it is here to stay.”
However, Mike Novogratz, a billionaire Bitcoin bull, also made a statement about the BTC rise today:
“BTC price is in the discovery phase. Perhaps this is the first time this has happened since BTC became an asset, as much of the US wealth now has easy access. “It's hard to predict where we'll stand.”
*This is not investment advice.