CNBC’s Jim Cramer Changes Stance on Bitcoin, Acknowledges Its Resilience
Jim Cramer, a well-known CNBC personality, has had a change of heart regarding Bitcoin (BTC) and now sees a bright future for the digital asset. In an episode of CNBC’s Squawk on the Street, Cramer commended Bitcoin for surviving intense criticism and various challenges.
Cramer acknowledged that Bitcoin is here to stay and described it as a technological marvel. He admitted that even the late billionaire investor Charlie Munger failed to recognize its potential. While not all cryptocurrencies may endure, Cramer believes that Bitcoin’s unexpected comeback proves the bulls right.
It is worth noting that last year, Cramer cautioned investors against Bitcoin and recommended investing in gold instead. However, he now recognizes the value of Bitcoin in the finance world.
Bitcoin’s Current Performance
At the time of writing, Bitcoin is trading at $45,205, representing an almost 6% increase in the past 24 hours.
Hot Take: Jim Cramer Acknowledges Bitcoin’s Longevity
Jim Cramer’s recent change in perspective on Bitcoin highlights the digital asset’s resilience and long-term potential. As a prominent figure in financial media, his endorsement could positively influence public perception and attract more interest in Bitcoin. This shift demonstrates how opinions on cryptocurrencies can evolve as they continue to prove their staying power in the market.
By
By
By
By
By