Financial expert Jim Cramer admits he was wrong about Bitcoin - how investors can benefit from it

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TV financial expert Jim Cramer has publicly admitted that he was wrong in his Bitcoin predictions. After previously advising investors to sell their Bitcoin holdings, Cramer now advised investing in the cryptocurrency in a segment on his CNBC show “Mad Money.” However, despite his flawed predictions, he was still able to make significant profits on his own Bitcoin investment. His volatile stance on cryptocurrencies has made him a popular meme in the trading community. Even a mutual fund has filed for an “inverse Cramer ETF” that aims to generate returns on trades that are the opposite of Cramer’s recommendations. According to …

Der TV-Finanzexperte Jim Cramer hat öffentlich eingestanden, dass er sich bei seinen Prognosen zu Bitcoin geirrt hat. Nachdem er zuvor Investoren geraten hatte, ihre Bitcoin-Bestände zu verkaufen, riet Cramer in einer Sendung seiner CNBC-Show „Mad Money“ nun dazu, in die Kryptowährung zu investieren. Trotz seiner fehlerhaften Vorhersagen konnte er jedoch immer noch bedeutende Gewinne mit seiner eigenen Bitcoin-Investition erzielen. Seine wechselhafte Haltung zu Kryptowährungen hat ihn zu einem beliebten Meme in der Trading-Community gemacht. Sogar ein Investmentfonds hat einen Antrag für einen „inverse Cramer ETF“ gestellt, der Renditen auf Trades erzielen soll, die das Gegenteil von Cramers Empfehlungen sind. Gemäß …
TV financial expert Jim Cramer has publicly admitted that he was wrong in his Bitcoin predictions. After previously advising investors to sell their Bitcoin holdings, Cramer now advised investing in the cryptocurrency in a segment on his CNBC show “Mad Money.” However, despite his flawed predictions, he was still able to make significant profits on his own Bitcoin investment. His volatile stance on cryptocurrencies has made him a popular meme in the trading community. Even a mutual fund has filed for an “inverse Cramer ETF” that aims to generate returns on trades that are the opposite of Cramer’s recommendations. According to …

Financial expert Jim Cramer admits he was wrong about Bitcoin - how investors can benefit from it

Der TV-Finanzexperte Jim Cramer hat öffentlich eingestanden, dass er sich bei seinen Prognosen zu Bitcoin geirrt hat. Nachdem er zuvor Investoren geraten hatte, ihre Bitcoin-Bestände zu verkaufen, riet Cramer in einer Sendung seiner CNBC-Show „Mad Money“ nun dazu, in die Kryptowährung zu investieren. Trotz seiner fehlerhaften Vorhersagen konnte er jedoch immer noch bedeutende Gewinne mit seiner eigenen Bitcoin-Investition erzielen. Seine wechselhafte Haltung zu Kryptowährungen hat ihn zu einem beliebten Meme in der Trading-Community gemacht. Sogar ein Investmentfonds hat einen Antrag für einen „inverse Cramer ETF“ gestellt, der Renditen auf Trades erzielen soll, die das Gegenteil von Cramers Empfehlungen sind.

According to a report by en.cointelegraph.com,

Impact on the market

Jim Cramer's public acknowledgment of his Bitcoin forecasting mistakes could lead to lower credibility in his future financial recommendations. Investors may be more skeptical of his advice, which could affect sales of financial products he promotes. In addition, the introduction of the “inverse Cramer ETF” could lead to investors increasingly switching to alternative investment products with opposite strategies.

Read the source article at de.cointelegraph.com

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