Jim Cramer After Pump Toward $20k: It Isn’t Too Late to Buy Bitcoin

2020-11-25 02:59

Bitcoin is exploding higher after days of consolidation under $19,000. The leading cryptocurrency as of this article’s writing is in the midst of shooting toward previous all-time highs. Bitcoin currently trades for $19,400, which is the highest it has traded since the late 2017 highs.

BTC has a few percent to move to the upside before it is to actually set a new all-time high, though many are confident it will happen soon.

Despite the strong rally of 70% in the past five or six weeks, many don’t think it is too late to buy the coin. Jim Cramer, a long-time investor and television personality on CNBC’s “Mad Money,” recently said that he thinks it isn’t too late to get involved in the cryptocurrency.

Cramer has long mentioned cryptocurrencies as part of his show and on Twitter, though sometimes not in the most positive light.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Jim Cramer Talks Bitcoin

On Tuesday morning, Jim Cramer said that he thinks it isn’t too late for Bitcoin:

“it is not too late for Bitcoin.. great alternative to gold… which i have always believed in”

it is not too late for Bitcoin.. great alternative to gold… which i have always believed in

— Jim Cramer (@jimcramer) November 24, 2020

While the comment seems to be somewhat in jest, as he hasn’t always been a believer in the coin, he has shared the sentiment that he thinks it is a viable investment in the current macroeconomic environment. He said to Anthony Pompliano, a prominent investor in the space, in a podcast:

“I just need something that my kids will understand … and they will never understand gold and the reason why they’ll never understand gold is they think gold’s dangerous. It’s dangerous because it can be stolen. It’s dangerous because they don’t want to take it out of the bank. My kids, when they get my inheritance, won’t feel comfortable with gold and will feel comfortable with crypto.”

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin Not the Only Wall Street Bull

Cramer isn’t the only notable Wall Street bull that has promoted Bitcoin in recent weeks.

Just a few weeks ago, legendary macro investor Stanley Druckenmiller said on CNBC that he thinks Bitcoin is a better bet than gold in this market cycle. He didn’t disclose what he bought BTC at, or how much he bought, but stated that he thinks the coin will benefit due to its scarcity and the fact that there are millennials buying it.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Jim Cramer After Pump Toward $20k: It Isn't Too Late to Buy Bitcoin

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 94413.31 (-1.64%)
Объем 24H $41.387b
Изменеия 24h: -3.19 %, 7d: -8.46 %
Cегодня L: $94413.31 - H: $97458.26
Капитализация $1869.362b Rank 1
Цена в час новости $ 19234.32 (390.86%)

bitcoin late toward highs shooting previous all-time

Источник: newsbtc.com

bitcoin late → Результатов: 126


Фото:

Analyst: Ethereum Likely to Begin Outperforming Bitcoin as Strength Mounts

A trend of underperformance against Bitcoin has plagued Ethereum as of late, which has caused buyers to show signs of capitulation Where the ETH trends in the mid-term should depend largely, if not entirely, on whether or not BTC continues rising in isolations Bitcoin’s massive rise as of late has not done much to boost altcoins, as many are still showing signs of weakness at the moment This weakness has been apparent while looking towards […]

2020-12-24 01:00


Bitcoin’s corrective rally is struggling to gain momentum as trading volumes drop to the lowest levels since late last year. The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from

The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from the two-week lows. However, so far, the break above $6,400 has remained elusive, likely due to low investor interest.

2018-7-16 16:16


Фото:

Bitcoin – Great News is Terrible News and That’s Awful for Bitcoin – Yahoo Finance

Bitcoin fell by 0.47% on Friday, following a 2.12% slide on Thursday, to end the week down 7.27% at $6,219.6. Following Thursday’s late in the day recovery, Bitcoin moved within relatively tight ranges through the morning and early afternoon on Friday, with a morning low $6,220 and mid-day high $6,286.8 leaving the day’s major support

2018-7-14 22:25


Фото:

Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder

BitMEX co-founder Arthur Hayes has once again reiterated his prediction that the price of Bitcoin will reach $50,000 by the end of the year — but maybe not before exploring lows around $3,000. ‘One Positive Regulatory Decision Away’ Arthur Hayes, co-founder of cryptocurrency trading platform BitMEX, has doubled down on his year-end prediction for bitcoin late last week, telling CNBC’s “Fast Money” that the market leader will hit $50,000 before the year is through — but Read More The post Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder appeared first on Bitcoinist.com.

2018-7-2 13:00


Фото:

Head of Swiss Department of Economic Affairs Conveys Optimistic Vision on Blockchain Technology

Johann N. Schneider-Ammann, the Head of the Federal Department of Economic Affairs, Education and Research of Switzerland, affirmed his belief that blockchain technology is here to stay. Speaking at the Crypto Valley Conference in Zug on June 21, Schneider-Ammann addressed the attendees, quoting Mikhail Gorbachev’s “Life punishes those who come late.

2018-6-26 14:49


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Decline Continues: Are Bulls Losing Control?

Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone.

Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?

Bitcoin price struggled to clear the $102,000 resistance zone. BTC is correcting gains and might test the $97,500 support zone. Bitcoin started a downside correction from the $102,000 zone. The price is trading above $98,000 and the 100 hourly Simple moving average.

Bitcoin Price Dips Again: Is The Momentum Shifting?

Bitcoin price started another decline and traded below the $98,000 support. BTC dipped toward the $95,000 level and is currently correcting losses. Bitcoin started a fresh decline below the $98,000 support zone.