CZ Pokes Fun at Jim Cramer
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The catalyst of CZ’s troll on Twitter came when bitcoin overcame $21,000 on January 13 for the first time since November 2022. Cramer, a popular crypto skeptic, told his audience to get out of crypto on January 9 when bitcoin was hovering around $16-17k. Binance CEO saw this as a nice opportunity to remind the industry of his New Year’s Resolutions: ‘Rule #4: Ignore FUD.’
CZ derided Cramer’s prediction as crypto markets made him eat his words again. The popular professional money manager is constantly mocked for his anti-crypto stance and following the inverse strategy of Cramer is often joked about as a more successful endeavor than if you follow his guidance.
The crypto market again surpassed $1 trillion in market capitalization (market cap) this week, according to CoinGecko. The industry has floundered in the doldrums for much of 2022, but initial signs in 2023 are positive. The recent push of the industry appears to be a move back toward the medium that could continue to make Cramer eat his words.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.