CNBC’s host Jim Cramer, whose predictions are sometimes the subject of jokes, shared the views of investor Larry Williams, whom he described as ‘legendary’, in his statement today.
Making a statement on the social media platform X, Cramer said that Larry Williams cryptocurrency He claimed that the market ‘has a long way to go before the bottom is reached’. So, according to the presenter, Williams expects the downward trend in the cryptocurrency market to continue.
However, Cramer quoted Williams again on January 12 and said: Bitcoin He argued that there was a major local peak in its price. Indeed, since that day, the BTC price has fallen and dropped to $ 41,375 today. This situation led to comments that there was an increase in the accuracy rates of Williams and Cramer’s predictions.
Jim Cramer was previously known for his mistakes, especially in his statements about the cryptocurrency market, and was the subject of ridicule.
However, JPMorgan analysts stated in their statement today that they expect the decline in the BTC price to continue in the coming period due to the intense fund outflows from Grayscale’s GBTC product.
*This is not investment advice.
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