Jim Cramer Retains Negative Year Outlook For Crypto

Key Points:

• Jim Cramer has expressed his continued pessimism about the state of cryptocurrencies this year.
• BTC Exchange Traded Fund is approved by the US Securities and Exchange Commission (SEC) in 2021, Jim Cramer was sincere in his optimism (ETF).
• Cramer, crypto is no longer worth the strain, particularly Litecoin (LTC), Dogecoin (DOGE), and those in the pump-and-dump category.

Jim Cramer, a market analyst and the host of CNBC’s Mad Money Show, has expressed his continued pessimism about the state of cryptocurrencies this year. Cramer expressed his curiosity about how many individuals are still active in cryptocurrencies on Twitter despite his belief that this year may simply be an extension of last year.

Since he is a well-known financial figure and one of Wall Street’s top analysts, many people follow Cramer’s investment recommendations. Cramer has not always been against cryptocurrencies like Bitcoin; in fact, he was previously a strong supporter of the emerging asset class.

When it came to the possibility of the first BTC Exchange Traded Fund being approved by the US Securities and Exchange Commission (SEC) in 2021, Jim Cramer was sincere in his optimism (ETF). Despite the fact that no application for a true Bitcoin ETF has been accepted by the SEC, Cramer switched to Ethereum instead of Bitcoin because he thought it would be more useful due to its decentralized smart contract architecture.

To Cramer, crypto is no longer worth the strain, particularly Litecoin (LTC), Dogecoin (DOGE), and those that fall in the pump-and-dump category.

Contrary to their counterparts in the stock market

Contrary to their counterparts in the stock market, supporters of the digital currency ecosystem do not view financial gurus as oracles, even though Cramer may have a considerable following and influence. Although it is not unusual for traders to base their investment decisions on the advice of a well-known individual, those who are in it for the long haul may not view financial experts as oracles.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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