CNBC's host Jim Cramer, whose predictions are sometimes the subject of jokes, shared the views of investor Larry Williams, whom he described as 'legendary', in his statement today.
Making a statement on the social media platform So, according to the presenter, Williams expects the downward trend in the cryptocurrency market to continue.
However, Cramer again quoted Williams on January 12 and argued that there was a major local peak in the Bitcoin price. Indeed, since that day, the BTC price has declined and dropped to $41,375 today. This situation led to comments that there was an increase in the accuracy rates of Williams and Cramer's predictions.
Jim Cramer was previously known for his mistakes, especially in his statements about the cryptocurrency market, and was the subject of ridicule.
However, JPMorgan analysts stated in their statement today that they expect the decline in the BTC price to continue in the coming period due to the intense fund outflows from Grayscale's GBTC product.
*This is not investment advice.
