Jim Cramer, the finance expert and the host of the Mad Money program, who is well known in the crypto money market, warned investors about the giant crypto money exchange Binance! The famous name also made comments about Bitcoin! Here are the details…
Mad Money host Jim Cramer warned investors against the giant cryptocurrency exchange!
Famous name Jim Cramer, host of the Mad Money program broadcast on CNBC, warned investors about the giant cryptocurrency exchange Binance. Speaking on the Mad Money program, the famous financial expert targeted the giant cryptocurrency exchange and frightened many cryptocurrency investors into a imminent Binance danger. In the conversation between former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad and Jim Cramer, the famous name, who stated that the dangers to Binance may increase, recommends investors to be careful. The famous name conveyed the following words on Twitter:
I wouldn’t cooperate with Binance after listening to Tim Massad on last night’s show. It’s very sketchy.
Massad, who served as chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2014 to 2017, has been an advocate for stronger cryptocurrency regulations for years. Announcing the CFTC’s impeachment lawsuits against Binance and its CEO, Changpeng Zhao (CZ), Massad explained that the giant cryptocurrency platform is making a “systematic effort to improve US businesses.” However, he added that it allegedly helped “US people bypass restrictions” and did not comply with Know-Your-Customer (KYC) regulations.
Cryptocurrency communities criticize the false predictions made by the Mad Money server
cryptocoin.com As we have reported, many people on social media are having fun with Cramer’s tweet. Many people who posted their comments on Twitter mocked the Mad Money server for frequently making false predictions, and investors are taking his negative comment on Binance as a bullish signal for the crypto exchange. As you may recall, before the collapse of Silicon Valley Bank and Signature Bank, Cramer advised investors to buy shares in these two banks.
This isn’t Cramer’s first warning against Binance, either. In December last year, he said he could deposit his money and trust more with fantasy sports betting platform Draftkings instead of Binance.
However, Cramer also warned investors about investing in cryptocurrencies. Earlier this month, when the price of BTC rose, the Mad Money server said it would sell its Bitcoin (BTC) “directly on this rally.” On the other hand, the famous name firmly believes that crypto prices have been manipulated. However, Cramer also advised investors to exit crypto before the BTC rally. Cramer also claims that the US Securities and Exchange Commission (SEC) sanctions on the cryptocurrency market will be more.
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