Image Credit: JM Bullion
Jan 11, 2024
By: Bhumi Shrivastava
Image Credit: Coinpedia
The CNBC host predicted an unusual market reaction, saying he was not sure if Bitcoin would peak on the news.
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The leading cryptocurrency reached $47,000 as the ETFs began trading on Thursday.
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Cramer advised his viewers to buy Bitcoin directly, rather than investing in crypto-related stocks like Riot or Marathon.
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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 revealed that he sold most of his Bitcoin holdings earlier this year, after making a profit of 500%.
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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.
Image Credit: Seeking Alpha