‘Mr. Bitcoin Is About to Go Down Big’: Jim Cramer Expects Lower Prices

‘Mr. Bitcoin Is About to Go Down Big’: Jim Cramer Expects Lower Prices

I can’t go out with gold because gold is not good; I can’t go out with bitcoin (BTC) because I can’t be in something where Mr. Bitcoin is about to go down big,” said Cramer.

I can’t go out with gold because gold is not good; I can’t go out with bitcoin (BTC) because I can’t be in something where Mr. Bitcoin is about to go down big,” said Cramer.

It’s unclear if “Mr. Bitcoin” was in reference to the ongoing trial of Sam Bankman-Fried, or to bitcoin in general, but Cramer’s bearishness was evident.

It’s unclear if “Mr. Bitcoin” was in reference to the ongoing trial of Sam Bankman-Fried, or to bitcoin in general, but Cramer’s bearishness was evident.

Although bitcoin is far off its all-time high of $68,000 reached in 2021’s bull market, the cryptocurrency is still trading up 68% since the start of the year.

Although bitcoin is far off its all-time high of $68,000 reached in 2021’s bull market, the cryptocurrency is still trading up 68% since the start of the year.

Cramer had previously stated in June 2021 that he had sold most of his bitcoin holdings following China’s crackdown on crypto miners.

Cramer had previously stated in June 2021 that he had sold most of his bitcoin holdings following China’s crackdown on crypto miners.

He also said during the same time period that bitcoin had structural issues and its price would likely fall further.

He also said during the same time period that bitcoin had structural issues and its price would likely fall further.

What do you think about Bitcoin???

What do you think about Bitcoin???