Jim, one of the most famous names in the cryptocurrency community Cramer, he probably has a reference that he personally dislikes.
CNBCWhatever the famous presenter of ‘s comments on the crypto money industry, the opposite has always happened in recent years. This put Cramer in the position of “reverse indicator” at one point. This is why the last comment made by the famous name excites the crypto money industry.
Cramer Signals Up!
Cramer commented on the show he attended last night, cryptocurrency He stated that the industry was indeed in decline. Expressing that the total value of the sector has decreased from 3 trillion dollars to 1 trillion dollars, Cramer implied that this will not stop at 1 trillion dollars. According to Cramer, the cryptocurrency industry has “no real value” and anything can happen at any time.
Crypto bear market just ended https://t.co/9a7tGjLYiW
— Coffeezilla (@coffeebreak_YT) July 5, 2022
Cramer, who runs CNBC’s Squawk Box, had this to say on the subject:
Crypto seems to be really exploding. It fell from $3 trillion to $1 trillion. Why stay at $1 trillion? There is no real value here. How many companies can Sam Bankman-Fried save?”
The situation that Cramer expresses here is that SBF buys or tries to acquire companies such as BlockFi and Voyager. Still, more and more crypto companies are getting into trouble, and Cramer may at least be right that SBF can’t save all companies.
Cramer’s April 29 on Ethereum (ETH) The sharp fall of the sector after he stated that he expected a 40% increase for the price point of the fact that the comments of the famous name were the opposite.
Especially in the USA, the Cramer “reverse indicator trend” is quite common by all social media.