Famous television personality Jim Cramer has expressed concerns that the Federal Reserve’s actions could harm the value of Bitcoin.
In a September 2022 interview, Cramer stated that the regulator was putting increased pressure on the tech stock market.
As the Fed tightens monetary policy, investors are hesitant to put their money in risky assets.
This not only affects stock markets, but also has an impact on cryptocurrencies as investors may pull their funds from these volatile assets.
During a broadcast on CNBC last Tuesday, Cramer predicted a potential downfall for Bitcoin, stating that the bearish trend may continue for some time.
He also noted that even traditional safe investments like gold and silver may not be able to protect investors’ assets.
In light of current global risks, holders of all types of assets may suffer to some degree. Cramer believes that Bitcoin is in a particularly vulnerable position and expects its value to decrease in the near future.
In 2021, Cramer publicly revealed that he had sold all of his bitcoin holdings due to China’s ban on mining. Following this news, many analysts speculated that the digital currency could experience a significant drop in value.
