Former hedge fund manager and host of CNBC’s “Mad Money” Jim Cramer stated on Monday that Bitcoin is “topping out” on his show. He said, “Bitcoin rose about 8% on Monday, then gave back some of its gains, reaching a high of $47,100 for the first time since April 2022. As of the time of this writing, the BTC trading price is $46,825.”
Cramer has a history of making predictions that go against the trend of asset prices, being seen as a famous contrarian indicator on Wall Street. Last Tuesday, when Bitcoin was at $45,000, Cramer stated in an interview on his show that Bitcoin is a technological marvel, “you can’t kill it.” The next day, Bitcoin experienced a downturn, falling to around $40,400.
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