Despite many cryptocurrency and finance analysts predicting otherwise, former hedge fund manager and TV personality Jim Cramer has recently announced a massive decline in the price of the flagship decentralized finance (DeFi) asset – Bitcoin (BTC).
Indeed, the eccentric host and a known critic of the cryptocurrency market said that Bitcoin was about to make a strong downturn, as he discussed potential investment opportunities during CNBC’s ‘Squawk on the Street’ show streamed on October 10.
Shortly after bashing gold because “gold’s not good,” Cramer said:
“I just can’t get on it, I can’t be in something where Mr. Bitcoin is about to go down big.”
As a result, Cramer’s comments have once again earned him ridicule from the cryptocurrency community in general but also from legal expert John E. Deaton specifically, who said he had bought some Bitcoin immediately after watching him make his prediction.
I bought some #Bitcoin immediately after watching this on prin
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