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Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k

Binance CEO mocks Jim Cramer as Bitcoin crosses the $20k price point.When BTC hit $17k, Cramer told investors it was an excellent exit opportunity.The global crypto market cap is...
Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k © Reuters. Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k
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  • Binance CEO mocks Jim Cramer as Bitcoin crosses the $20k price point.
  • When BTC hit $17k, Cramer told investors it was an excellent exit opportunity.
  • The global crypto market cap is on track to cross the $1 trillion valuation again.

Changpeng Zhao, the CEO of Binance, the largest crypto exchange, pokes fun at the staunch crypto skeptic Jim Cramer, who often asked crypto investors to sell their Bitcoin holdings at a loss.

The Binance CEO derided Cramer yesterday on Twitter after the crypto skeptic’s pessimistic projection about crypto turned out false. Zhao sarcastically told him, ‘please continue’ spreading messages of fear, uncertainty, and doubt (FUD) about the crypto market.

On the day Bitcoin broke the $17k price point this month, Cramer told crypto enthusiasts it was an excellent opportunity to exit the market. In his words:

[It is a] good chance again to get out of crypto and scale out of Chinese stocks as neither can be trusted.

Due to the FTX fiasco, Bitcoin (BTC) fell from over $21,000 to a two-year low of $15,883 last November. The coin never recovered its $21k price until yesterday, when it traded at $21,075, the first time in nearly nine weeks, according to data from the market tracking platform, CoinMarketCap.

While the crypto market suffered significant price depreciation, Jim Cramer continuously told crypto investors that it was never too late to exit an awful position. In one of his shows on CNBC last month, he said:

You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets.

However, in an exciting turn of events, the global crypto market cap is on track to cross the $1 trillion valuation again after it closed 2022 below $790 billion.

The post Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k appeared first on Coin Edition.

See original on CoinEdition

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    EUR/USD 1.0868 Buy  
    GBP/USD 1.2397 ↑ Buy  
    USD/JPY 129.85 ↑ Sell  
    AUD/USD 0.7110 Buy  
    USD/CAD 1.3311 ↑ Buy  
    EUR/JPY 141.13 Sell  
    EUR/CHF 1.0008 ↑ Sell  
    Gold 1,928.30 Neutral  
    Silver 23.688 Neutral  
    Copper 4.2220 ↑ Sell  
    Crude Oil WTI 79.44 Buy  
    Brent Oil 86.38 Neutral  
    Natural Gas 2.867 Sell  
    US Coffee C 169.25 Sell  
    Euro Stoxx 50 4,178.01 ↑ Buy  
    S&P 500 4,069.65 ↑ Sell  
    DAX 15,150.03 ↑ Buy  
    FTSE 100 7,765.15 ↑ Buy  
    Hang Seng 22,688.90 Buy  
    Small Cap 2000 1,910.05 ↑ Sell  
    IBEX 35 9,060.20 ↑ Buy  
    BASF 52.790 ↑ Buy  
    Bayer 56.28 ↑ Buy  
    Allianz 221.65 ↑ Buy  
    Adidas 148.30 Sell  
    Lufthansa 9.755 ↑ Buy  
    Siemens AG 144.50 ↑ Buy  
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