Financial analyst and host of CNBC Mad Money, Jim Kramer, has changed his stance on Bitcoin, calling the cryptocurrency a technological marvel that is here to stay.
However, he had a much more bearish outlook for the crypto space and predicted another weak year for the crypto markets.
Jim Cramer Changes BTC Stance
The former hedge fund manager was previously quite bearish on Bitcoin (BTC). However, ahead of what many expect to be regulatory approval by the Securities and Exchange Commission (SEC) of a spot Bitcoin ETF, Cramer has changed his stance on the asset. Bitcoin’s price has been on an upward trend as the deadline draws near, rising above $45,000 for the first time in 21 months. Cramer stated,
“This thing, you can’t kill it. Bitcoin is a technological marvel, and I think people need to start recognizing it’s here to stay.”
Cramer’s comments are vastly different from what he had stated back in October 2023. Cramer stated during the highly publicized Sam Bankma
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