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


Jim Cramer After Pump Toward $20k: It Isn’t Too Late to Buy Bitcoin Blockchain, Featured, Home CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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 : 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”

While the comment seems to be somewhat in jest, as he hasn’t always been a believer in the

“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 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing

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Price tags: xbtusd, btcusd, btcusdt
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Jim Cramer After Pump Toward $20k: It Isn't Too Late to Buy Bitcoin

Source: https://www.newsbtc.com/analysis/btc/jim-cramer-after-pump-toward-20k-it-isnt-too-late-to-buy-bitcoin/

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