Bitcoin is up 75% since Jim Cramer told investors to 'get out' in January
Renowned television personality and esteemed host of the popular show “Mad Money,” Jim Cramer, has emerged as a prominent critic of cryptocurrencies, particularly Bitcoin (BTC).
In a bold statement made on January 9, Cramer advised his audience that the current climate presented a “good chance again to get out of crypto,” specifically referencing Bitcoin’s trading value at $17,093.
However, it is worth noting that since Cramer’s cautionary declaration, the flagship digital asset has experienced a remarkable surge, presently trading at $30,020—an impressive 75% increase.
Year-to-date, BTC soared by more than 80%. Remarkably, over the past week alone, Bitcoin has surged by an impressive 17%, exemplifying its resolute upward trajectory. The cryptocurrency’s value soared from $25,500 to above $30,000, resulting in a substantial boost of $80 billion to its market capitalization.
Such overwhelming Bitcoin ETF interest from esteemed institutional investors like BlackRock (NYSE: BLK), Invesco, and WisdomTree has undoubtedly contributed to Bitcoin’s recent surge, further reinforcing its position as a digital asset of immense significance.
