Post
Topic
Board Economics
Re: The Jim Cramer affect on Bitcoin....
by
Cookdata
on 04/01/2024, 16:28:02 UTC
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

I don't think this is something new. The market reacts in different ways for many reasons and one of this is anytime a traditional financial expert says something about bitcoin, it's always the opposite that happened later, Jim Cramer is always victim of this actually. However, I will say that this was a coincidence and I don't think his statement really carries a heavy storm to make bitcoin fall like this, I mean more than $5k loss in a single 15 minutes candle is not something Jim Cramer is capable of pulling off this time most especially now that the bullrun is fuel by halving, I think it's a coincidence.

This has something to do with ETF, don't you think? There was speculations that ETFs were likely to be approved this week on Wednesday which was yesterday, that was what was circulating in December but now it seems they are been shifted for reasons known to them and that's why bitcoin fell off but if you observe when some start saying it will SEC is going to sit and have a meeting with ETFs applicant, suddenly the market started going up and that's why think this is nothing but ETFs game of throne between the applicants and the Security exchange commission.