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Jim Cramer's Bitcoin conspiracy theory, what really moves the market is the macroeconomic flow
Source: DigitalToday Original Title: Jim Cramer Raises Bitcoin Conspiracy Theories… 'Invisible Hand' Controversy Original Link: Former hedge fund manager Jim Cramer is shaking up the market by claiming that there is a conspiracy behind the rise in Bitcoin prices.
Jim Cramer recently claimed on social media ( SNS ) that “a conspiracy group is trying to keep Bitcoin above $90,000.” This statement has sparked controversy as it came at a time when Bitcoin had fallen below $90,000 and was rebounding.
His claims triggered various conspiracy theories regarding market manipulation of exchange-traded funds ( ETF ), institutional investor intervention, and liquidity shortages. In particular, the phenomenon known as the 'Cramer Indicator' is in play, raising the possibility that his remarks could signal a market bottom. However, experts have analyzed that Bitcoin's volatility is more influenced by macroeconomic factors. Key variables include the possibility of interest rate hikes, outflows from Bitcoin spot ETFs, and changes in Federal Reserve policies.
QCP explained that Bitcoin's temporary drop below $90,000 was due to deteriorating liquidity from rising interest rate expectations and changes in Federal Reserve policy. While the stock market remains strong due to positive earnings from AI( companies, the cryptocurrency market is becoming relatively weaker and experiencing increased volatility.
Jim Cramer’s remarks about the 'conspiracy group' are attracting attention, but the prevailing analysis is that it is still the macroeconomic trends that move the actual market.