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Just now on Squawk on the Street Jim Cramer and David Faber were talking about the huge news of BTC crossing over $100k level. Right off the bat during this talk though Cramer came out and said nothing but great things about BTC and how he owns it the typical hype stuff you would expect from Cramer. I mean at one point he made a point of saying "young people outsmarted old people and bought Bitcoin" and that people "should by Bitcoin."
Given Cramer's infamous track record is this a sign of a pullback coming from the universe? Let us NEVER forget his Bear Steins call (on March 11, 2008 "Bear Stearns was fine!" and the stock was at $62 a share.... FIVE days later it was bought/bailed out by JPMorgan Chase for $2 a share) and the whole reserve Cramer index.
During the course of the conversation it was pretty interesting to hear Cramer talk about how he buys to hold and doesn't use it to make payments and what he actually has used to purchase things was Ethereum of all things... I haven't heard anyone ever use ETH itself to buy anything USDC on the ETH blockchain yes but Cramer used ETH itself.
What are yalls thought about this whole thing?!
I think that even Cramer can accidentally be correct.
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Your not wrong! When you make 100 predictions a day eventually ya gotta hit one or two the odds are to high!
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