Jim has this awful reputation in case you didn't know. Basically everything he says the opposite happens. They even made the reverse Cramer ETF lmao. Now the worst has happened and he has said BTC is going to the moon! I hope BTC is strong enough to weather this storm lmao..... https://twitter.com/WatcherGuru/status/1742574566948446441?t=Lq4TuNvvT4-l10UF_UKYqg&s=19
His comments are irrelevant to the Bitcoin market and I am not sure it can have any consequences on the price. The Bitcoin space is big enough to contain anybody including former critics. Therefore Jim Cramer is highly welcomed if he has changed his former position. Markus Thielson is the head researcher at Matrixport. He stated that his report was not relying on insider SEC comments nor any specific issuer. And he said he has adopted a more bearish view as of Wednesday. 
One wonders if there should be an investigation into Matrixport for potential market manipulation regarding Thielson's negative 'opinion' on the Bitcoin ETF and after all, Matrixports co-founder and chairman is Jihan Wu, a Chinese billionaire. There are potential conflicts of interest and ethical issues here.
Matrixport speculation is based on the composition of SEC's five members and the recent comments by Chairman Gary Gensler. The reports assume that the application might not get the required vote from the committees since a majority of these members are Democrats. It was also reported that the Chairman made a remark that pointed to the fact that the approval might be delayed until Congress makes more regulatory laws. The market will always react to any news now because many people who are not knowledgeable about the Bitcoin space have invested in the sector because of the ETF. So any contrary news ignites FUD. One wonders if there should be an investigation into Matrixport for potential market manipulation regarding Thielson's negative 'opinion' on the Bitcoin ETF and after all, Matrixports co-founder and chairman is Jihan Wu, a Chinese billionaire. There are potential conflicts of interest and ethical issues here.