“The cryptocurrency market is at a critical threshold.” This isn’t the first time Jim Cramer has said it loud and clear. After all, he is not the only one to affirm it in the light of recent events. For his part, this financial analyst is particularly interested in the fate of investors. According to him, the future of cryptocurrencies does not bode well. Furthermore, investors should withdraw from this market while there is still time.
A grim future for crypto: the collapse of the giants of the crypto industry proves it!
A lot of data confirms it: the year 2022 has not been kind to the cryptosphere. Even today, several cryptocurrency companies are forced to do this declare bankruptcy. And especially falls lead to domino effects. The collapse of one crypto platform affects another and so on.
Even today, everything seems to suggest that this situation will not stop. The case of the Genesis company is proof of this. Furthermore, the same stories seem to repeat themselves. The cryptocurrency company is bankrupt. It is unable to repay its customers and, above all, its founder is in hiding.
Following this Barry Silbert case, Jim Cramer once again spoke out about the future of cryptocurrencies. During one of his speeches in the famous show “Mad Money”, this TV host especially addressed cryptocurrency investors. “The time has come to withdraw from any cryptocurrency-related investments,” he said. He also posted the same message on his account Chirping.
Future of Cryptocurrencies: The SEC Has Its Role to Play!
During an interview published in December 2022, Jim Cramer had already talked about the future of crypto. After the collapse of FTX, he completely withdrew from this market. Since then, he hasn’t mince words in expressing his aversion to digital assets.
“I am not considering investing in cryptocurrencies due to regulatory uncertainty,” he explained. You even argue that big cryptocurrency companies (like Binance) have no real legitimacy. According to him, the cryptocurrency market should be subject to a thorough study by the SEC.
Falling prices, lack of a regulatory framework, chain bankruptcies of several companies… The future of cryptocurrencies seems already mapped out and many analysts confirm the facts. The I notify however, they remain very divided on the matter. To meditate!
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My name is Ariela and I’m 31 years old. I have been working in the field of web writing for the past 7 years. I only discovered trading and cryptocurrencies a few years ago. But it is a universe that interests me very much. And the topics covered within the platform allow me to learn more. A singer in my free time, I also cultivate a great passion for music and reading (and animals!)