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Cryptocurrency News Articles
Elon Musk Reacts to Jim Cramer’s Bitcoin Advice & Says He is Powerful in the Market with His Suggestions
Nov 25, 2024 at 05:06 am
Jim Cramer is a popular American television personality, author, and former hedge fund manager. He is popularly known as the host of the CNBC show Mad Money.
Elon Musk has reacted to Jim Cramer's latest advice on Bitcoin, saying that the TV personality is powerful in the volatile money market.
Jim Cramer is a popular American television personality, author, and former hedge fund manager. He is best known as the host of the CNBC show Mad Money. Through this show, Cramer shares his investment advice & sentiments about the stock market. Cramer also covers topics related to Bitcoin & some other top crypto assets through his show, but usually, people find that his advice on cryptocurrencies always remains bad.
In the past, some people used Cramer’s advice opposite & generated a very big amount of profit. Because of Cramer's hate & blindly bad opinion regarding cryptocurrencies, crypto people call his advice “inverse Cramer”.
In the latest episode of the show, Jim Cramer said Bitcoin is a winner & suggested people buy it. A Dogecoin-affiliated X account noted that Bitcoin price started sliding down because of Jim Cramer’s statement.
Bitcoin price action & increasing institutional adoption
The current trade price of Bitcoin is $96,388 & this price level is 1.2% down over the last 24 hours period.
The current trade price of #Bitcoin is $96,312 pic.twitter.com/5ukuOCsAEm
— Bitcoinik (@Bitcoinikdotcom) November 24, 2024
With the increasing trade price of Bitcoin, the level of FOMO among the big financial institutions is increasing sharply.
Recently Charles Schwab’s incoming CEO said he has not personally invested in crypto and prefers stocks. He admitted that he feels bad for not buying crypto & confirmed that they will get into spot crypto.
It is worth it to note that Charles Schwab currently manages more than $8.5 trillion in client assets. Such statements by big players are going to impact the Bitcoin bull sentiments positively.
Charles Schwab CEO: "I have not bought crypto, and now I feel silly."“We will get into spot crypto”Schwab managers +$9 TRILLION 👀 pic.twitter.com/uUuXhvAdYl
— Radar🚨 (@RadarHits) November 23, 2024
Read also: Top market insiders claim Microstrategy ($MSTR) going to buy 80,000+ Bitcoins this weekend
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- RSS chief Mohan Bhagwat says 'Bharat' has always reflected on the deeper truth of unity and oneness
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