Following the recent frenzy surrounding Binance and CZ in the crypto sector, the general sentiment has become more optimistic, causing <a href="https://en.coin-turk.com/the-current-state-of-the-crypto-market-will-consolidation-continue-in-bitcoin/”>Bitcoin (BTC) to bounce back to a significant price level of $37,500. Now, investors are wondering whether they should increase their assets by engaging in crypto-related transactions.
What Did Jim Cramer Say?
Jim Cramer, who is often mocked for his predictions being the opposite of what actually happens, is known for his outspokenness on stocks and cryptocurrencies. When asked about his thoughts on CleanSpark (NASDAQ: CLSK) during the latest segment of CNBC Lightning Round, Cramer gave the following response:
“If you like Bitcoin, buy Bitcoin. That has always been my view. I liked it for a while, and then I decided it had made enough money. I got out, and I made money. I got out early, but money was made.”
Cramer’s comments, which have become a popular contrary indicator, also brought along bearish opinions on BTC on the YouTube platform. One viewer commented:
“Bitcoin started to decline right after this, but then it started to rise again.”
Another viewer commented, “Jim Cramer says to buy Bitcoin? SELL!!!”
These recent comments contradict Cramer’s statement on October 10, where he advised his viewers that the current conditions provided “another good opportunity to exit the crypto market.” Additionally, following Cramer’s recommendation, the leading cryptocurrency experienced a notable increase and continues to trade at $37,337 at the time of writing.
Bitcoin Price Analysis
As of the time of writing, Bitcoin (BTC) is trading at $37,337, showing a 2.40% increase. The price remains at the same level as the previous week, but the monthly chart still maintains an 8.45% gain, according to the latest data.
It is also worth mentioning that BTC has had 17 positive days in the past 30 days, indicating strong fundamentals. Furthermore, it has seen a price increase of 126% since the beginning of the year and has outperformed more than 86% of the top 100 cryptocurrencies.
