🥳 Earning Growth Points can Win an iPhone 16?
🔥 Gate Post Growth Points Summer Lucky Draw Round 1️⃣ 1️⃣ Is Live!
🎁Prize pool over $10,000! Win iPhone 16 Pro Max 512G, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=11
How to earn Growth Points fast?
1️⃣ Go to [Post], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
New feature this round: “Fragment Exchange”! Collect fragments to redeem exclusive Gate merch!
100% chance t
Jim Cramer’s Bitcoin Circus: Debt Dodge Or Wallet Wipe-Out?
The controversial Mad Money TV host Jim Cramer is back at it again. Known for his always wrong takes on Bitcoin (BTC), as well as the broader crypto & stock markets, the Inverse Cramer dropped a gem on the last episode of CNBC’s Mad Money, urging his audience to consider crypto’s top asset as a hedge against “reckless” government borrowing.
Bitcoin Joins Cramer’s Hedge Roster
This time, Jim Cramer’s Bitcoin pompoms revolved around Bitcoin (BTC) being added to the roster of gold, stocks & bonds as hedging against dollar inflation or governmental spending mishaps. Mr. Cramer further explained that all those investors who were panic selling stocks amid Donald Trump’s imposed global tariffs were “wrong”.
“Pack it up, bulls. See you in four years”, – sarcastically reacted Bitcoin (BTC) maximalist Carl B. Menger, sounding the alarm about the curse of the inverse Cramer. Currently residing at $104,636, the showpiece crypto asset was just $2K below a new all-time high when Jim Cramer’s remarks aired on live TV.
Compared to gold by Jim Cramer, Bitcoin (BTC) does indeed show traits of a value of storage and a long-term investment. According to the latest research by Glassnode, Bitcoin’s quest to $106K has inspired nearly the entire colorful Bitcoin holder spectrum to strengthen their BTC positions.
This is well illustrated in the entry-level Bitcoin holders, holding less than 1 BTC. Retail interest returned when the crown jewel crypto bounced back from the global tariff crisis faster than most stocks and altcoins. Meanwhile, large cohorts between 100 to 100K BTC have been the most eager to get more Bitcoin (BTC).
Only Bitcoin cruisers between 1-10 BTC are still selling, the report noted. The accumulation mood among Bitcoin (BTC) holders has a significant impact on the decreasing Bitcoin crypto reserves on centralized exchanges (CEX). As per Santiment’s statistics, Bitcoin’s (BTC) exchange supply is down to just 7.1%, the lowest since November, 2018.
If history repeats itself, this could be bullish for Bitcoin (BTC) in the long-term. When the exchange reserve hit this critically low metric last time, the King crypto’s price quadrupled in the following half a year, before booming to $62,000 two years later.
On The Flipside
Why This Matters
Jim Cramer’s takes on crypto gain publicity for the digital asset class by putting it into a comparative perspective with stocks, bonds & fiat currencies.
Discover DailyCoin’s popular crypto news:
Shiba Inu Burn Record Tanks 79%: SHIB Price To Soar Or Snore?
Pi Network (PI) Ditches Bitcoin Baggage: $3 Dream Or Delusion?
.social-share-icons { display: inline-flex; flex-direction: row; gap: 8px; border-radius: 8px; border: 1px solid #dedede; padding: 8px 16px; margin-bottom: 8px; }
.social-share-icons a { display: flex; color: #555; text-decoration: none; justify-content: center; align-items: center; background-color: #dedede; border-radius: 100%; padding: 10px; }
.social-share-icons a:hover { background-color: #F7BE23; fill: white; }
.social-share-icons svg { width: 24px; height: 24px; }