CNBC’s Jim Cramer Is Bullish On Bitcoin – BTC Is Here To Stay

CNBC’s Jim Cramer is extremely bullish on crypto, and especially Bitcoin. He says that the king coin is here to stay.

CNBC’s well-known personality Jim Cramer, who had dismissed Bitcoin (BTC) last year, is now suddenly turning bullish on the digital asset.

In a recent episode of CNBC’s Squawk on the Street, Cramer stated that Bitcoin has a promising future in the finance world, as it has survived harsh criticism and other challenges.

“This thing is, you can’t kill [Bitcoin]. And the late [billionaire investor] Charlie Munger, who was so brilliant on so many things, was blind to this…

It’s a reality and it’s a technological marvel. And I think people have to start recognizing that it’s here to stay. The SEC (U.S. Securities and Exchange Commission) has been against it almost the all time. Now that doesn’t mean that every one of these [cryptocurrencies] is here to stay, but I do think that this is a remarkable comeback that was unexpected – except for for all the bulls who turned out to be right.”

Last year, Cramer was warning investors to stay away from Bitcoin and instead invest in gold.

Here’s what he was saying back then:

“Now that Bitcoin has spent the last couple weeks bouncing off its lows, the whole crypto-industrial complex is back in full gear, trying to entice people back in. I think that would be a huge mistake for you.”

Bitcoin is trading for $45,205 at time of writing, up nearly 6% in the last 24 hours.

Everyone is bullish on BTC these days. Check out the following relevant tweet:

INSTITUTIONS ARE PUMPING #BITCOIN!

It appears that they are anticipating the approval of a Spot ETF.

Do they have information that we are not aware of yet? pic.twitter.com/dQ0yCJCxiF

— Mister Crypto (@misterrcrypto) January 2, 2024

More important crypto players expect to see the approval of spot BTC ETF soon.