Jim Cramer Advocates Bitcoin Buying Amid BTC Price Surge
Mad Money host Jim Cramer recently nabbed significant attention among crypto market enthusiasts globally as he urged viewers to buy Bitcoin.
During a recent episode of Mad Money, a show offering stock and market insights, Jim Cramer put emphasis on the purchase of cryptocurrencies, especially Bitcoin.
Cramer’s words appear to have spiked quite the bustle within broader crypto markets as the Bitcoin price today witnessed marginal gains.
Jim Cramer and Bitcoin
The ongoing saga between Bitcoin and Jim Cramer appears to be in talks for quite some time now. Earlier this year, during the month of October, Cramer reportedly urged his users to sell Bitcoin holdings amid prevailing market conditions.
As per the statement, Cramer claimed that the prevailing market conditions demonstrate a good opportunity for traders and investors to exit the cryptocurrency market. However, the recent remarks provided by him seem to be contrary to his prior beliefs.
Moreover, in Cramer’s most recent episode of CNBC Lightning Round, he stated that one should buy Bitcoin if they really like it. Besides this, Jim also stated that this had always been his way of thinking, and for a while, he liked it. It is this module of thinking that aided him in making money. Although he acted prematurely, money had already been made.
Nonetheless, Bitcoin witnessed a marginal surge following Cramer’s most recent remarks.
Also read: Crypto Bull Run To Continue In The Coming Days, Here’s Why
Bitcoin Price Evaluation
At the time of writing, the Bitcoin price witnessed a slight jump of 1.87% today, reaching $37,259.54. Furthermore, the token witnessed a 1.21% surge over the past week, with a substantial increase of 21.74% over the past month.
However, the twenty-four-hour trading volume witnessed a significant downfall of 25.12%, evaluating $21.55 billion while writing.
Meanwhile, the aforementioned price surge seems to come in alignment with the recent insights offered by Jim Cramer.
Also read: Pyth Network (PYTH) Maintains Bullish Sentiment Amid Impressive Price Surge
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