February 6, 2023

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The whole crypto community has a joke that Jimmy Cramer, the famous host of the show “Mad Money”, is a technical indicator of its own. When financial journalist and analyst says to buy something, we all should sell. When he says that there should be a strong incentive to sell, we should start investing like crazy. It is a joke that has been around for quite a while given his long track record of bad forecasts.

On the other hand, there is a reason why many people listen to him. Cramer may not be like the all-seeing eye of Sauron, but he knows markets and understands how to analyze them. Despite being a corporate shill pushing whatever agenda is on the table, he is still an excellent expert with deep knowledge of the world of financial markets.

Recently, he told his viewers that they should start avoiding all speculative assets with high volatility. Cryptocurrencies are included in the list of things to avoid. His logic is that the Federal Reserve will continue its tightening strategy and focus on squeezing out all assets that feel like gambling. Let’s admit it, the vast majority of cryptocurrencies are speculative and highly unreliable alternatives to penny stocks.

On this note, Cramer also dropped another bomb on the crypto industry by saying that he does not believe “anymore” that Bitcoin is the storage of value. He does not see any positive outcomes in the long run. However, this is something that will rub the whole community the wrong way. Bitcoin may not be a traditional asset that institutionalized investors are used to, but it is certainly a good alternative to fiat money endangered by barely controlled inflation.

Jim Cramer was quite clear with his messaging: all speculative assets including Bitcoin must be thrown out of your portfolios. He said that “this is what happens when the Fed gets serious”.

The long-term effect of the increasing inflation is not as predictable as many analysts want you to believe. Many think that inflation is out of control already and Bitcoin enthusiasts should hold to their assets even tighter!

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