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Bitcointhe first and largest cryptocurrency by market capitalization, has increased by approximately 473% since Jim Cramer, host of CNBC's "Mad Money," called it a "scam" nearly two years ago.
Bitcoin historian Pete Rizzo recently highlighted this fascinating fact Share XWhich prompted thinking about the cryptocurrency market.
In January 2023, while Bitcoin was trading above $16,000, Cramer referred to it as “fake and fraudulent,” adding that cryptocurrency prices “are being supported by people who want to support them.” Cramer previously invested in bitcoin, ether, and non-fungible tokens (NFTs), but sold all of his crypto assets before then.
The Mad Money host later went on to warn investors to stay away from cryptocurrencies, telling them to get their money out while they can. Cramer also stated that he "wouldn't touch cryptocurrencies in a million years" because he believes they are scams in the first place.
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Fast forward to January 2025, and Bitcoin is now trading at over $96,000. Taken from the time of Cramer's statement (from the CNBC "Squawk on the Street" video shared by Rizzo) When Bitcoin was trading at $16,807, the major cryptocurrency is up roughly 473% since then.
Bitcoin predictions 2025
At the time of writing, Bitcoin is up 3.16% over the past 24 hours to $96,568. In December, the world's largest cryptocurrency surpassed the long-awaited $100,000 mark, reaching a record high of $108,268 on December 17.
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CNBC It recently published a set of Bitcoin price predictions for 2025. Matrixport, a crypto financial services company, predicts that Bitcoin will reach $160,000 by 2025. Alex Thorne, head of research at cryptocurrency-focused asset management firm Galaxy, believes... Digital, that Bitcoin will exceed $150,000 next year. the first half of the year before reaching $185,000 in the fourth quarter.
Jeffrey Kendrick of Standard Chartered expects the price of Bitcoin to double. The head of the bank's digital assets research department expected that Bitcoin would reach $200,000 by the end of 2025.
Sid Powell, co-founder and CEO of centralized finance platform Maple Finance, believes Bitcoin will trade between $180,000 and $200,000 by the end of 2025.
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