Quick overview

Live BTC/USD Chart

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Former hedge fund manager and well-known financial TV personality Jim Cramer said today that he is purchasing Bitcoin as a hedge against the United States’ mounting $38 trillion national debt, raising concerns about the impact on future generations.

Cramer said that Bitcoin would be resilient in the event of a financial crisis, calling it “just a nice hedge for what I’m afraid.”. “I am confident that we can grow our way out of this.”

Cramer continued about the national debt issue. I’m concerned about my children, but I hope we accomplish that.” The bold and frequent animated stock predictions that Cramer makes are well-known.

The market frequently shifts in the opposite direction shortly after Cramer expresses extreme bullishness or bearishness on a stock or sector, as many traders and online communities have noted.

The “Inverse Cramer” phenomenon is the result of this recurrent pattern. Bitcoin’s price action pauses, with sideways trading around $118K.

The market’s cautious attitude was reflected in the cryptocurrency’s pullback after testing highs near $123,000. Following sharp gains, investors often experience this consolidation phase, which enables them to reevaluate their positions.