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Jan 11, 2024

Jim Cramer's Mixed Views on Bitcoin ETFs

By: Bhumi Shrivastava

The CNBC host predicted an unusual market reaction, saying he was not sure if Bitcoin would peak on the news.

Cramer's Take

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The leading cryptocurrency reached $47,000 as the ETFs began trading on Thursday.

Bitcoin's Price

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Cramer advised his viewers to buy Bitcoin directly, rather than investing in crypto-related stocks like Riot or Marathon.

Cramer's Preference

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Cramer expressed doubts about the future of Bitcoin, citing the legal troubles of Sam Bankman-Fried and China's crackdown on mining.

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Cramer's Skepticism

Cramer revealed that he sold most of his Bitcoin holdings earlier this year, after making a profit of 500%.

Cramer's History

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Cramer's views on Bitcoin ETFs reflect his mixed feelings about the cryptocurrency, as he sees both opportunities and risks in the market.

Bottom Line

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