Mad Money presenter Jim Cramer predicts that Bitcoin will reach a price of $20,000 before the end of the year.
There are few names in financial circles that resonate more than Jim Cramer. The host of the CNBC show, Mad Money, has become a real industry figure. However, what few people know is that Cramer is also a crypto user. This is evident in the Tweet of the Day, in which Jim Cramer predicts a Bitcoin at $20,000 by the end of this year:
Jim Cramer trusts Bitcoin
If anyone possesses moral authority and intellectual prestige within the world of finance, it is Jim Cramer. For years Cramer has been the host of one of the most important programs on American television, Mad Money. In which he analyses the situation of the financial markets and offers investment advice to his viewers.
And in recent months, Jim Cramer has begun to show sympathy for an unconventional type of financial asset. Thus, Mad Money’s host, after being convinced by crypto bank-influencer Anthony Pompliano, decided to invest in the world’s leading crypto-currency, Bitcoin.
Jim Cramer predicts that Bitcoin will reach $20,000 by the end of 2020. Source: CoinDesk.
An investment that, to date, has proved incredibly lucrative. Well, thanks to Bitcoin’s new big price rally, the amount of money Jim Cramer invested a few months ago has already increased considerably.
As the crypt currency continues to increase in value by hundreds of dollars every day. This has led Cramer to become convinced definitively of Bitcoin’s potential, predicting that the virtual currency will reach $20,000 by the end of the year:
“Bitcoin will reach $20,000 by the end of the year.”
This tweet would not only express Jim Cramer’s confidence in Bitcoin’s future. It is also a sign of the change in attitude in the institutional sector of the financial market. He has begun to see BTC more as a solid asset that can be invested in for the long term. And no longer as a merely speculative asset or a technological curiosity.