- Binance CEO mocks Jim Cramer for going above $20,000 price point.
- When BTC hit $17,000, Cramer told investors this was a great exit opportunity.
- The global cryptocurrency market capitalization is about to pass the $1 trillion valuation once again.
Changpeng Zhao, CEO of Binance, the largest cryptocurrency exchange, has teased staunch crypto skeptic Jim Cramer, who has often asked crypto investors to sell their bitcoin holdings at a loss.
Binance CEO mocked Cramer on Twitter yesterday after crypto skeptics’ pessimistic predictions about the cryptocurrency turned out to be false. Zhao sarcastically told him to continue spreading the message of Fear, Uncertainty and Doubt (FUD) about the crypto market.
This is too accurate. Cramer posted this on January 9th, the day before Bitcoin went from 16k to 20k. Keep up the FUD crypto! https://t.co/pDkk1BnfAr
— CZ Binance (@cz_binance) January 14, 2023
On the day Bitcoin broke the $17,000 price earlier this month, Cramer told crypto enthusiasts that it was the perfect time to exit the market.In his words:
[It is a] Both are unreliable, so it’s a good chance to get out of crypto and scale out of Chinese equities.
Bitcoin (BTC) fell from above $21,000 last November to a two-year low of $15,883 in the aftermath of the FTX debacle. The coin traded at $21,075 until yesterday, failing to recover its $21,075 price for the first time in nearly nine weeks, according to data from market tracking platform CoinMarketCap.
The cryptocurrency market has suffered a significant price drop, but Jim Cramer has repeatedly told crypto investors that it is never too late to let go of a bad position. In one of his CNBC shows last month, he said:
Don’t beat yourself up and say, “Hey, it’s too late to sell.” The truth is that it’s never too late to sell a bad position. And if you own these so-called digital assets, that’s what you have.
However, after falling below $790 billion in 2022, the global cryptocurrency market capitalization is about to cross the $1 trillion valuation again.
Binance CEO Laughs Off Crypto Skeptic Jim Cramer
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