Contrarian Provocateur Jim Cramer: Bitcoin Nearing its Peak

Former hedge fund manager and host of CNBC’s “Mad Money,” Jim Cramer, stated on Monday that Bitcoin is reaching its peak. He mentioned that Bitcoin rose by approximately 8% on Monday, but then retraced some of its gains, reaching a high of $47,100, the first time since April 2022. At the time of writing, BTC’s trading price stood at $46,825.

Cramer has a history of making predictions that go against the trend of asset prices, making him known as a famous contrarian indicator on Wall Street. Last Tuesday, when Bitcoin was valued at $45,000, Cramer stated in an interview on his show that Bitcoin is a technological miracle and that “you can’t kill it.” The next day, Bitcoin experienced a decline, dropping to around $40,400.

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