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