Bitcoin

Grayscale Bitcoin Trust

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p>Jim Cramer, the host of CNBC's "Mad Money," has <a href="https://x.com/jimcramer/status/1748111734286500122?s=46&amp;t=dYF0hpz-gFc8HcetSehFUQ" rel="noopener noreferrer nofollow">issued</a> a stark warning about the future of Bitcoin (BTC) on the X social media network.&nbsp;</p>
<p>Cramer, known for his incisive financial commentary, pointed out the troubling start to the Bitcoin sell-off.&nbsp;He noted, "Someone's probably going to try to make a stand here but as we said last night, you can't have an asset double in value by hundreds of billions of dollars in anticipation of an ETF and then almost no one shows up.”&nbsp;</p>
<p>In a recent <a href="https://u.today/jim-cramer-bitcoin-btc-price-is-topping-out?amp" rel="noopener noreferrer nofollow">episode</a> of "Mad Money," Cramer said that Bitcoin might be "topping out," predicting a potential decline in its value.&nbsp;On Jan. 12, he took to Twitter to reiterate his belief that Bitcoin had reached its peak.&nbsp;This Cramer prediction ended up being accurate considering that the Bitcoin price slipped below the $41,000 mark on Thursday.&nbsp;</p>
<h2 id="etf-launch-a-sell-the-news-event">ETF launch: A sell-the-news event?</h2>
<p>The conversion of the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF last week has led to substantial outflows, exceeding $1.5 billion.&nbsp;JPMorgan analysts, led by Nikolaos Panigirtzoglou, have raised concerns about further outflows, potentially reaching $3 billion, which could exert more downward pressure on Bitcoin prices.Economist and noted cryptocurrency skeptic Peter Schiff also <a href="https://u.today/peter-schiff-issues-major-bitcoin-btc-price-warning?amp" rel="noopener noreferrer nofollow">weighed in</a>, warning about the impact of new SEC regulations on Bitcoin's transaction costs and future price.&nbsp;</p>

Jim Cramer Issues Major Bitcoin (BTC) Price Warning

Table of Contents

U_Today

Other articles published on Jan 19, 2024

Lido’s Strategic Expansion on zkSync and the Fluctuating Ethereum Staking Landscape

Top 10 Crypto Marketing Agencies 2024

Former LedgerPrime Employees Launch Split Capital Hedge Fund Focused on Liquid Tokens

XRP Price Enters Crucial Buy Zone As Staggering Breakout To $5 Beckons

XRP Analyst Unveils Insights, Decodes XRP’s Complex Trajectory

Why Is Integritee Network’s TEER Pumping? 60% Further Surge Anticipated From Here

Join our free newsletter for daily crypto updates!