Jim Cramer’s New Bitcoin Theme Is ‘Number Go Down’; Plus 200,000 BTC Mt. Gox Distribution Could Add To Supply Flush
CNBC “Mad Money” host Jim Cramer reiterated his cautious stance on Bitcoin (CRYPTO: BTC) prices and its inability to regain stability. What Happened: Bitcoin is down 20% since its spot ETFs launched, but Cramer’s new theme is “Number Go Down:” Believers in the “Inverse Cramer” phenomenon, counter-trading the “Mad Money” host’s public price calls, are becoming notably less confident: Cramer has been consistently bearish on Bitcoin’s prospects, saying it is unlikely Bitcoin will find footing at $40,000 and it is still far from the bottom. He has also called Bitcoin tough to own. Read Also: Eliza…