‘Jim Cramer, the popular investor, and host of the Mad Money show on CNBC took to Twitter on Tuesday to give his forecast for the crypto market in 2023.
The founder of the CNBC Investing Club forecasted a prolonged crypto bear market in 2023. Also, the anti-crypto TV personality implied that fewer people are interested in the investment asset class. He wrote, “As I predict another weak year for crypto, I do ponder how many people are still involved, now many millions of people.”
As i predict another weak year for crypto, i do ponder how many people are still involved, now many millions of people….
— Jim Cramer (@jimcramer) January 2, 2023
This prediction from the controversial Jim Cramer has instead brought about much excitement in the crypto community as he is widely known for inaccurate price action forecasts. According to some crypto proponents, Cramer’s latest projection is an indication that 2023 will be a bullish year for the crypto industry as many users commented saying, “bottom is in.”
“Thanks for confirming a big year. We all know you buy tops and sell bottoms. $COIN at $350 was where you bought, now $COIN at $35 you are running away,” the IncomeSharks Twitter handle wrote.
Related: Billionaire Mark Cuban States the Condition That Can Make Him Buy More Bitcoin (BTC)
Meanwhile, numerous prominent investors like the legendary Bill Miller and macro guru Raoul Pal recently expressed their bullish sentiment for the crypto market, stating the conditions capable of triggering a massive rally in the price of bitcoin (BTC) and altcoins.
As earlier reported by TimesTabloid, Changpeng Zhao, the CEO, and founder of Binance stated that sustainable innovation and security-guaranteed projects are what would usher in the next bull run. Likewise, Rekt Capital forecasted that BTC could pump by over 186% in 2023 based on the Four Year Cycle principle.
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