"BITCOIN CAN'T BE KILLED" SAYS JIM CRAMER
Jim Cramer, the host of Mad Money, has made a bold statement: "Bitcoin can't be killed." This U-turn on his previous stance on Bitcoin comes as the cryptocurrency has reached a 21-month price high, showcasing a "remarkable comeback".¹ Cramer attributes this surge to growing institutional interest and traditional financial acceptance, signaling a potential larger bull market ahead.
Cramer's change of heart is significant, given his influence on Wall Street. He's now advising viewers to consider Bitcoin as a legitimate investment opportunity. This shift in sentiment could contribute to increased adoption and price growth for Bitcoin.
It's worth noting that Cramer's enthusiasm often precedes poor financial performance, known as the "reverse Cramer" effect. However, his statement still reflects the growing recognition of Bitcoin as a resilient and lucrative investment option.