Jim Cramer’s advice to buy Bitcoin; Is BTC in danger of crashing?

The price of Bitcoin (BTC) has seen a significant increase of more than 120% since the beginning of the year. For this reason, Jim Cramer, an investor and host of CNBC’s Mad Money, recently suggested that Bitcoin enthusiasts should consider buying this digital currency.
As previously reported in Crypto News, Cramer has made countless predictions about the market’s biggest digital asset, and many times, these predictions have backfired.

Start trading with 10 thousand tomans!

In Currency Plus, you can trade all digital currencies with only 10 thousand tomans and with zero fees!

Beginning

For example, in December 2022, he advised people to sell their “awful” cryptocurrency positions, arguing that it’s never too late to exit the ecosystem. However, Bitcoin’s value has increased by more than 100% since that advisory.
Earlier that year, Cramer predicted that the market correction was over and suggested that people increase their investments in Bitcoin, Ethereum and other cryptocurrencies. However, 2022 was not a profitable year for cryptocurrency investors and we saw severe collapses such as the collapse of the Terra ecosystem and the bankruptcy of the major exchange FTX that year.
For this reason, following Cramer’s recent advice to buy Bitcoin, some investors are now worried about the backlash and potential price correction of this digital currency in the near future!