Mad Money host Jim Cramer recently gained widespread attention among crypto market enthusiasts around the world when he urged viewers to buy Bitcoin.
In a recent episode of Mad Money, a stock and market insight show, Jim Cramer focused on buying cryptocurrencies, particularly Bitcoin.
Cramer’s words appear to have caused excitement across the broader crypto markets, with Bitcoin price posting minor gains today.
Jim Cramer and Bitcoin
The ongoing saga between Bitcoin and Jim Cramer seems to have been talked about for quite some time. Earlier in October this year, Cramer reportedly urged his users to sell Bitcoin holdings given the prevailing market conditions.
According to the statement, Cramer claimed that the prevailing market conditions presented a good opportunity for traders and investors to exit the cryptocurrency market. However, recent comments from him seem to contradict his previous beliefs.
Additionally, in his recent episode of CNBC Lightning Round, Cramer explained that you should buy Bitcoin if you really like it. Furthermore, Jim also explained that this has always been his way of thinking and that he liked it for a while. It is this thinking module that helped him make money. Although he acted rashly, money had already been collected.
Nonetheless, Bitcoin saw a slight increase following Cramer’s recent comments.
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Bitcoin price evaluation
At the time of writing, Bitcoin price experienced a slight increase of 1.87% today, reaching $37,259.54. Furthermore, the token recorded a 1.21% increase over the past week and a significant increase of 21.74% over the past month.
However, the 24-hour trading volume recorded a significant decline of 25.12% and stood at $21.55 billion at the time of writing.
Meanwhile, the price increase mentioned above appears to be in line with Jim Cramer’s recent findings.
Also Read: Pyth Network (PYTH) Maintains Bullish Sentiment Amid Impressive Price Rise
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