Former hedge fund manager Cramer & Co. and host of CNBC’s Mad Money show Jim Kramer noted the progress of the US Federal Reserve System (FRS) in the fight against digital assets.
“In the war on inflation, there is a front with an outstanding victory for the Fed, and this is a battle against financial speculation. […] The work to destroy cryptocurrencies is almost complete, but they do not seem to know about it yet,” he said.
According to Cramer, digital assets do not protect investors from anything, and the Fed needs to continue to fight inflation, especially on wages.
In October 2021, the presenter supported investors who buy cryptocurrencies and understand all the risks. According to Kramer, he himself did not invest in bitcoin or Ethereum as insurance against inflation, but “just gambled.”
Recall, according to Coinglass, the second quarter of 2022 was the worst for bitcoin in 11 years. The asset fell by 56.2%, from $45,000 to $19,884.
According to the head of Galaxy Digital, Mike Novogratz, the recession in the cryptocurrency market will last for about 18 more months, and the industry will see the first signs of recovery after the easing of the Fed’s monetary policy.
Investor Michael Burry, who predicted the 2007 mortgage crisis, predicted a continued fall in the price of bitcoin.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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Former hedge fund manager Cramer & Co. and host of CNBC’s Mad Money show Jim Kramer noted the progress of the US Federal Reserve System (FRS) in the fight against digital assets.
“In the war on inflation, there is a front with an outstanding victory for the Fed, and this is a battle against financial speculation. […] The work to destroy cryptocurrencies is almost complete, but they do not seem to know about it yet,” he said.
According to Cramer, digital assets do not protect investors from anything, and the Fed needs to continue to fight inflation, especially on wages.
In October 2021, the presenter supported investors who buy cryptocurrencies and understand all the risks. According to Kramer, he himself did not invest in bitcoin or Ethereum as insurance against inflation, but “just gambled.”
Recall, according to Coinglass, the second quarter of 2022 was the worst for bitcoin in 11 years. The asset fell by 56.2%, from $45,000 to $19,884.
According to the head of Galaxy Digital, Mike Novogratz, the recession in the cryptocurrency market will last for about 18 more months, and the industry will see the first signs of recovery after the easing of the Fed’s monetary policy.
Investor Michael Burry, who predicted the 2007 mortgage crisis, predicted a continued fall in the price of bitcoin.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
