Jim Cramer’s recent commentary on Bitcoin has sparked widespread attention from the crypto community. The Mad Money host – known for his investment suggestions that are often wrong – recently claimed that Bitcoin had peaked.
Bull Market Top for BTC?
Jim Cramer shared his views following the unexpected roller coaster ride of the Bitcoin price, which saw it crash below $60,000 from a record high of $69,000.
Jim Cramer claimed There are many signs that suggest Bitcoin has reached its peak. Mad Money’s host shared an image of a dog in a cloth, captioning it that the dog had bought Bitcoin for $69,000.
It is a good idea to get a hold of a local expert. post, Cramer further said in jest that Michael Saylor, a well-known Bitcoin aficionado and the co-founder of BTC holder MicroStrategy, should “stop me out!!”. This phrase refers to a technique that involves setting a stop-order on an investment. The position is liquidated once it reaches a certain price in order to avoid further losses.
This phrase is often used to joke that Saylor will intervene in the market if BTC prices rise.
