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2021-06-22

Probably will too lol

Cramer reveals how low bitcoin would have to go for him to start buying again

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At the time, it had a market value of more than $1 trillion.\nThe $30,000 threshold had been seen as akey bitcoin support levelby technical analysts who follow the crypto market.\nGalaxy Digital CEO Mike Novogratz, whose firm invests in all manner of crypto, told“Squawk Box”earlier Tuesday that he’s “less happy” about bitcoin than he was at those lofty heights of a few months ago. He acknowledged that$25,000 could be the next level of support. However, he said he’s “not nervous” about the long-term prospects of bitcoin.\nCramer said later on “Squawk Box” that he likesether, the world’s second largest crypto, more than bitcoin. However, ether, which runs on the Ethereum blockchain, has not be immune to the collapse in the market. It was down 8% on Tuesday and off over 50% from its all-time highs in May.\nLast month, Cramer said he ended up with “a lot” of ether after he acquired it to bid on nonfungible tokens, or NFTs,being auctioned in March by Time magazine. “I didn’t get it, so I just kept the ether,” he said at the time.\nIn February, Cramer discussed on CNBC his motivation for owning bitcoin, describing the cryptocurrency as one “alternative to a cash position, where you make absolutely nothing.”\nCramer has since cooled on bitcoin, saying Monday that he’s worried about China’s efforts to crush it and how the U.S. government might regulate it due to its use in ransomware attacks.","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":854,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/129673372"}