Re: The Jim Cramer affect on Bitcoin....

Quote from: Stalker22 on January 03, 2024, 09:46:28 PM

Quote from: alankasman on January 03, 2024, 09:12:48 PM

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Apart from Jim Cramer which was shared by WatcherGuru, there is news that I found on social media platforms that the decline in Bitcoin prices is related to several issues regarding the rejection of ETF Spot Bitcoin created by the company Matrixport.

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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.

I don't really understand the issue of internal conflicts of interest within the Matrixport company because I only follow and find out when there is something that is thought to be related to the discussion I am taking part in.

The chart movement has returned to the upside after Jim Cramer's statement and the ETF issue from the Matrixport company.
A decline of 5.6%, has now experienced an increase of 3% although it is still less than around 2.6% of the decline that was said to have occurred after Jim Cramer made a statement regarding Bitcoin.
Jim Cramer or other figures have little influence on the rise and fall of market prices.