Future

Bitcoin

<ul class="news-points"> 
 <li><strong>Jim Cramer’s recent tweets express caution towards Bitcoin (BTC).</strong></li> 
 <li><strong>Cramer doubts BTC’s ability to regain stability.</strong></li> 
 <li><strong>Economist Peter Schiff notes that all new Bitcoin ETFs are in a bear market.</strong></li> 
</ul> 
<p>In recent tweets, CNBC host Jim Cramer has expressed a cautious stance on <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a>. Cramer described it as a “tough own” and cast <a href="https://twitter.com/jimcramer/status/1749461424592544117" target="_blank" rel="noreferrer noopener nofollow">doubt</a> on BTC’s ability to regain stability.</p> 
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   <p lang="en" dir="ltr">Bitcoin=tough own</p>— Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1749552509348159908?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 22, 2024</a>
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<p>Cramer shared a cautious view on Bitcoin just as spot ETFs were introduced to the market. The timing seems odd because these ETFs came around and triggered a drop in the price of BTC.</p> 
<p>The debut of <a href="https://coinedition.com/bitcoin-etfs-explained-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Bitcoin ETFs</a>, which was predicted to cause a surge in the BTC price, has coincided with a decline in Bitcoin’s market value. This decline has prompted a reevaluation of earlier bullish forecasts for Bitcoin’s future, with Cramer’s recent analysis aligning with this shift in sentiment.</p>    
<p>As noted by economist Peter Schiff, all of the new Bitcoin ETFs have now entered bear market territory, typically defined as a drop of 20% or more from a peak price. Schiff provocatively su…</p>
<p>The post <a href="https://coinedition.com/jim-cramer-expresses-concerns-over-bitcoins-future-amidst-the-etf-debut/">Jim Cramer Expresses Concerns Over Bitcoin’s Future Amidst the ETF Debut</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Jim Cramer Expresses Concerns Over Bitcoin’s Future Amidst the ETF Debut

Coin Edition

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