The original cryptocurrency Bitcoin (BTC) has experienced remarkable growth in the last decade. Nonetheless, there are certain skeptics, none more prominent than Jim Cramer, TV host of ‘s Mad Money show. In April (when Bitcoin traded arond $24K), Jim suggested investors steer away from digital currency in the most adamant terms. But his advice was missed by traders as BTC went on to achieve tremendous heights: the coin is over 80% above where it was then.
He previously issued a similar warning when Bitcoin was around $17K in January. Reflecting on the past statement, it’s clear that a trader disregarding the sketic advice would now be enjoying gains over 160% from when it was made.
Despite vocal opposition – most recently saying, “” – BTC has risen ever higher, as investors anticipate a bull-run fueled equally by a whale population nearing record lows, a Bitcoin halving event, and the possibility of the mysterious establishment of a spot BTC exchange-traded fund.
There is no denying the spectacular performance recently enjoyed by the cryptocurrency. Indeed, speculators anticipate BTC may hit six figures by the end of the decade.
