Popular TV host Jim Cramer believes that the Federal Reserve could destroy bitcoin. In September 2022, he said that the regulator is gradually increasing the pressure on the market of IT stocks.
Tightening monetary policy is preventing capital from returning to risky assets. In this situation, not only stock markets, but also cryptocurrencies will face the departure of investors.
Last Tuesday on the air of CNBC Cramer predicted the collapse of bitcoin. In his opinion, the bearish trend is prolonged.
Moreover, even gold and silver are not able to protect your capital.
In the context of global risks, holders of all assets will suffer to a greater or lesser extent. BTC is in the most difficult position. The TV host expects the value of the cryptocurrency to fall in the very near future.
In 2021, Jim Cramer admitted that he sold all his bitcoins because China banned mining. After that, many analysts said that the digital currency could collapse.