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Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k

Binance CEO mocks Jim Cramer as Bitcoin crosses the $20k price point.When BTC hit $17k, Cramer told investors it was an excellent exit opportunity.The global crypto market cap is...
Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k © Reuters. Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k
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  • Binance CEO mocks Jim Cramer as Bitcoin crosses the $20k price point.
  • When BTC hit $17k, Cramer told investors it was an excellent exit opportunity.
  • The global crypto market cap is on track to cross the $1 trillion valuation again.

Changpeng Zhao, the CEO of Binance, the largest crypto exchange, pokes fun at the staunch crypto skeptic Jim Cramer, who often asked crypto investors to sell their Bitcoin holdings at a loss.

The Binance CEO derided Cramer yesterday on Twitter after the crypto skeptic’s pessimistic projection about crypto turned out false. Zhao sarcastically told him, ‘please continue’ spreading messages of fear, uncertainty, and doubt (FUD) about the crypto market.

On the day Bitcoin broke the $17k price point this month, Cramer told crypto enthusiasts it was an excellent opportunity to exit the market. In his words:

[It is a] good chance again to get out of crypto and scale out of Chinese stocks as neither can be trusted.

Due to the FTX fiasco, Bitcoin (BTC) fell from over $21,000 to a two-year low of $15,883 last November. The coin never recovered its $21k price until yesterday, when it traded at $21,075, the first time in nearly nine weeks, according to data from the market tracking platform, CoinMarketCap.

While the crypto market suffered significant price depreciation, Jim Cramer continuously told crypto investors that it was never too late to exit an awful position. In one of his shows on CNBC last month, he said:

You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets.

However, in an exciting turn of events, the global crypto market cap is on track to cross the $1 trillion valuation again after it closed 2022 below $790 billion.

The post Binance CEO Laughs at Crypto Skeptic Jim Cramer as BTC Crosses $20k appeared first on Coin Edition.

See original on CoinEdition

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27-01-2023 20:56:01 (UTC+7)

EUR/USD

1.0874

-0.0015 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0874

-0.0015 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2379

-0.0027 (-0.22%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

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Buy (1)

Sell (8)

USD/JPY

129.71

-0.49 (-0.38%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (5)

Sell (2)

AUD/USD

0.7116

+0.0002 (+0.03%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3322

+0.0002 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (4)

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Indicators:

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EUR/JPY

141.07

-0.73 (-0.51%)

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Moving Avg:

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Sell (12)

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Buy (0)

Sell (10)

EUR/CHF

1.0019

-0.0001 (-0.01%)

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Gold Futures

1,931.85

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Silver Futures

23.755

-0.265 (-1.10%)

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Copper Futures

4.2530

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Crude Oil WTI Futures

82.23

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Brent Oil Futures

88.71

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Natural Gas Futures

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US Coffee C Futures

167.25

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Euro Stoxx 50

4,159.85

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S&P 500

4,060.43

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DAX

15,094.45

-38.40 (-0.25%)

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FTSE 100

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Hang Seng

22,688.90

+122.12 (+0.54%)

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Buy

Moving Avg:

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US Small Cap 2000

1,903.06

+12.75 (+0.67%)

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↑ Buy

Moving Avg:

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IBEX 35

9,030.23

-5.37 (-0.06%)

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BASF SE NA O.N.

52.585

-0.035 (-0.07%)

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Bayer AG NA

56.18

+0.14 (+0.25%)

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Allianz SE VNA O.N.

221.47

-0.13 (-0.06%)

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Moving Avg:

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Adidas AG

147.45

+2.17 (+1.49%)

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Deutsche Lufthansa AG

9.732

+0.005 (+0.05%)

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Siemens AG Class N

143.63

-0.43 (-0.30%)

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Deutsche Bank AG

12.295

+0.163 (+1.34%)

Summary

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Moving Avg:

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Sell (8)

Indicators:

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Sell (6)

    EUR/USD 1.0874 ↑ Sell  
    GBP/USD 1.2379 Sell  
    USD/JPY 129.71 Neutral  
    AUD/USD 0.7116 Neutral  
    USD/CAD 1.3322 Neutral  
    EUR/JPY 141.07 ↑ Sell  
    EUR/CHF 1.0019 ↑ Sell  
    Gold 1,931.85 ↑ Sell  
    Silver 23.755 ↑ Sell  
    Copper 4.2530 ↑ Sell  
    Crude Oil WTI 82.23 ↑ Buy  
    Brent Oil 88.71 ↑ Buy  
    Natural Gas 2.834 ↑ Buy  
    US Coffee C 167.25 ↑ Buy  
    Euro Stoxx 50 4,159.85 ↑ Sell  
    S&P 500 4,060.43 ↑ Buy  
    DAX 15,094.45 ↑ Sell  
    FTSE 100 7,757.60 ↑ Sell  
    Hang Seng 22,688.90 Buy  
    Small Cap 2000 1,903.06 ↑ Buy  
    IBEX 35 9,030.23 ↑ Sell  
    BASF 52.585 ↑ Sell  
    Bayer 56.18 ↑ Sell  
    Allianz 221.47 ↑ Sell  
    Adidas 147.45 ↑ Sell  
    Lufthansa 9.732 ↑ Sell  
    Siemens AG 143.63 ↑ Sell  
    Deutsche Bank AG 12.295 ↑ Sell  
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SJC Eximbank6,720/ 6,820
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Cập nhật lúc 18:54:25 27/01/2023
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