Worst Bitcoin (BTC) Price Prediction? He mocks pro-Ripple lawyer Jim Cramer.

TL; DR

After Jim Cramer's sell recommendation in December 2022, Bitcoin nearly doubled from below $18,000 to $34,000. Cramer wrongly promoted crypto investments in early 2022, leading to a market crash. Cramer's endorsement of Silicon Valley Bank's shares came before it collapsed a month later.

Kramer was ‘called down'.

John E. Deaton – representing thousands of Ripple investors in a lawsuit filed against the US Securities and Exchange Commission (SEC) – is one of the many individuals behind bitcoin's dramatic price increase in the past 24 hours.

Jim Cramer – Jim Cramer – has advised people to sell their “terrible” digital assets, saying it's too late to exit the ecosystem, and jokingly noted that the mainstream cryptocurrency has started to take off.

We all know who called below. Everyone should sell the day @jimcramer says #Bitcoin is going down.

— John E. Deaton (@JohnEDeaton1) October 24, 2023

Bitcoin's price has gone from less than $18,000 in December 2022 (when the CNBC “Mad Money” host issued his warning), to now, above the $34K level, representing a roughly 100% increase.

Cramer's previous predictions

There are many examples of the former fund manager (who has changed his view on crypto several times in the past few years) advising investors to buy or sell their digital assets.

At the beginning of last year he It is estimated. The market correction is over, with people advised to increase their exposure to Bitcoin, Ether and other cryptocurrencies. However, the downward trend continued, and the second half of 2022 saw some dark events such as the FTX meltdown. Unsurprisingly, this has resulted in a price drop for most digital assets, including the largest by market capitalization.

Cramer's dire predictions are not limited to cryptocurrencies. In February of this year, he Comment Silicon Valley Bank shares are “still cheap,” hinting that investors may want to take advantage of the opportunity and jump in on the bandwagon.

Remember that it is a financial institution He fell A month later, it sparked panic among depositors and one of the most significant banking crises in America in recent years.