With the overall sentiment in the cryptocurrency sector becoming more optimistic and Bitcoin (BTC) reclaiming the significant price level of $37,500, investors wonder whether to dedicate their holdings toward crypto-related businesses.
One person who shared his thoughts on the latest developments is Jim Cramer, widely acknowledged for his dynamic persona and outspoken views on stocks and cryptocurrencies.
Following a question on his thoughts on CleanSpark (NASDAQ: CLSK) in his latest episode of CNBC Lighting Round, Cramer responded:
“If you like Bitcoin, buy Bitcoin. That has always been my view, and for a while, I liked it, and then I decided that money had been made. I acted premature, but money has been made.”
YouTube viewers pessimistic about the BTC outlook for 2024
In what seems to become a popular inverse trend, Cramer’s comments have sparked bearish comments against the BTC on the media platform YouTube.
“Bitcoin tanked right after this, but it’s back up.” Responded one commenter under the video.
Another one added, “Jim Cramer says Buy Bitcoin? SELL!!!”
These recent comments mark a reverse from a statement on October 10, in which Cramer recommended to his audience that the prevailing conditions provided “another good opportunity to exit the crypto market.”
Nevertheless, it is noteworthy that following Cramer’s cautious advice, the flagship digital asset has undergone a remarkable surge and is currently trading at $37,337.
Bitcoin price analysis
At press time, the maiden crypto asset was changing hands at the price of $37,337, up 2.40%, while its price remained the same across the previous week but still holding onto the 8.45% gain on its monthly chart, as the most recent data indicates.
At the same time, BTC is posting strong fundamentals, trading above the 200-day moving average and experiencing 17 green days in the previous month.
Additionally, it experienced a 126% price increase over a year, allowing it to outperform 86% of its counterparts in the top 100 crypto assets.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
