Leading cryptocurrency Bitcoin has surpassed $45,000 as expectations for the approval of spot Bitcoin ETFs increase and the SEC's decision period is almost over.
While it was wondered whether BTC's rise would continue or not, Jim Cramer, the host of CBNBC's “Mad Money” program, changed his mind about Bitcoin.
Jim Cramer, who is known for his reactionary statements and is often the subject of ridicule because the exact opposite of his predictions come true, said that Bitcoin is a profitable investment, as the Bitcoin price rose to the highest levels of 21 months today.
Cramer, known as a reverse indicator in the cryptocurrency community, stated that Bitcoin is permanent and agreed that BTC bulls were right.
Speaking on CNBC's Squawk on the Street program, Cramer said:
“Bitcoin is a reality and a technological miracle. If you don't kill Bitcoin, you can't destroy it.
That's why people need to accept that Bitcoin is here to stay.
Ultimately, all BTC bulls were right.”
*This is not investment advice.