Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/jim-cramer-recommends-bitcoin-investment" rel="noopener noreferrer nofollow">Jim Cramer Recommends Bitcoin Investment</a><br></p>
<p style="text-align: justify">Jim Cramer, a prominent figure known for his contrarian stance, recently suggested that <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a> should consider direct <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investment</a> in <a href="https://en.bitcoinhaber.net/bitcoins-recent-surge-key-market-insights" rel="noopener noreferrer nofollow">Bitcoin</a> rather than purchasing shares of MicroStrategy. Cramer’s comments gained significant attention, especially given his reputation for making market-moving statements. He emphasized that Bitcoin itself is a more lucrative investment compared to stocks in MicroStrategy, which has heavily invested in the cryptocurrency.</p>
<h2 id="why-did-cramer-favor-bitcoin">Why Did Cramer Favor Bitcoin?</h2>
<p style="text-align: justify">During a recent episode of CNBC’s Mad Money, Cramer advised viewers to opt for direct Bitcoin <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investments</a>. He expressed skepticism about MicroStrategy’s strategy under Michael Saylor, despite the company’s deep involvement in Bitcoin. Cramer’s remarks come at a time when Bitcoin has shown a 130% increase in value since the start of the year, outpacing MicroStrategy’s 87% rise in <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">stock value</a>.</p>
<h2 id="what-makes-bitcoin-more-attractive">What Makes Bitcoin More Attractive?</h2>
<p style="text-align: justify">Cramer highlighted Bitcoin’s impressive gains, noting that its year-to-date performance makes it a more appealing option. Despite his history of incorrect predictions, which often ironically lead to market rallies, his latest advice on Bitcoin has sparked discussions. MicroStrategy’s stock, trading at $1,270, has seen gains, but not as substantial as Bitcoin itself. Cramer’s commentary has stirred the market, leaving investors pondering their next move.</p>
<h2 id="user-usable-inferences">User-Usable Inferences</h2>
<p style="text-align: justify">– Direct Bitcoin investments have outperformed MicroStrategy shares, offering a 130% increase since the beginning of the year.<br> – MicroStrategy’s significant Bitcoin holdings have not translated to higher stock gains compared to Bitcoin’s direct performance.<br> – Despite market volatility, Bitcoin’s long-term potential remains attractive to investors.</p>
<p style="text-align: justify">Michael Saylor’s strategy of acquiring large amounts of Bitcoin at high prices has continued despite the fluctuating market. He purchased 12,000 Bitcoins at $68,477 each, totaling $821 million. This approach has drawn scrutiny, particularly as Bitcoin’s price movements remain inconsistent, influenced by factors such as the performance of Bitcoin Spot ETFs.</p>
<p style="text-align: justify">Grayscale, a major Bitcoin ETF manager, has faced withdrawals related to ETF fees, while newly launched Bitcoin ETFs in Hong Kong have also experienced financial adjustments. As of mid-May 2024, the total number of Bitcoin ETFs in Hong Kong has been limited to 3,560 units, highlighting ongoing challenges in the ETF space.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/jim-cramer-recommends-bitcoin-investment" rel="noopener noreferrer nofollow">Jim Cramer Recommends Bitcoin Investment</a></h5>

Jim Cramer Recommends Bitcoin Investment

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