Legendary Stockbroker Says ‘Short Sell’! Bitcoin Bullish Signal? – Cryptokoin.com

Jim Cramer, a famous financial commentator, continues to attract attention with his statements and shares. Now he has made an interesting tweet about the Nasdaq, which has a high correlation with Bitcoin recently. What should be understood from Cramer’s message, which was ridiculed from time to time for his wrong predictions?

Cramer: Shorten this Nasdaq and invite me to your funeral!

Jim Cramer, a well-known financial commentator, made an interesting debut in a tweet today, saying, “Short this Nasdaq and invite me to your funeral.” Cramer’s post sparked a wave of backlash from the community.

By the way, it is worth noting that Jim Cramer has a reputation for incorrect predictions. This leads many to take a view that goes against the advice not to bet against the tech-heavy stock market index. The correlation between Bitcoin and the Nasdaq is an important context to consider when interpreting Cramer’s tweet.

In the financial landscape, Bitcoin and Nasdaq stocks often danced to the same tune, their prices swinging in harmony as investor sentiment, global economic trends and technological developments pulled the strings, experts say. This complex choreography between the flagship cryptocurrency and the tech-heavy stock index has sparked a growing bond between the two, causing some to question Bitcoin’s role as ‘digital gold’ and wonder if it is more of a speculative asset than a fixed store of value. .

The duet with the Nasdaq seems to have gained momentum as institutional investors embraced the ‘inflation hedge’ narrative after the US Federal Reserve’s strong monetary performance. However, the correlation between the two is not always flawless. There are also moments when they each part ways, moving to the rhythm of their own market forces.

Cramer is skeptical of Bitcoin (BTC)’s rally

cryptocoin.comAs you follow, the host of CNBC’s Mad Money is very skeptical of Bitcoin’s latest rally. In line with this, he recently encouraged investors to sell the flagship cryptocurrency and expressed concerns about the decentralized nature of the cryptocurrency and its potential manipulation by large institutions and wealthy investors.

Bitcoin’s value soared to around $25,000 after US authorities assured deposits at failed banks such as Silicon Valley Bank (SVB) and Signature Bank would be protected. At press time, Bitcoin was trading at $24,871, up 1.61% on a daily basis. In addition, the leading cryptocurrency gained more than 22% on a weekly basis.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram And YouTube join our channel!

Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.

Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.

Show Disclaimer

source site-3