• Bitcoin has increased nearly 30% since Peter Schiff and Jim Cramer advised people to get out of crypto.
• Despite their predictions, Bitcoin has continued to surge and is currently trading at $22,800.
• These pessimistic predictions have failed as of the moment and Bitcoin is showing no signs of slowing down.
Bitcoin has been one of the most talked about topics in the financial world in recent times and it is showing no signs of slowing down. The cryptocurrency has been on an impressive price run since the start of the year and it has now increased nearly 30% since two of the industry’s biggest critics – Peter Schiff and Jim Cramer – advised people to get out of crypto.
Peter Schiff, a popular American financial commentator, expected bitcoin’s spike at the start of the year to cease shortly after it began and advised investors to sell their holdings when the asset was trading at around $18,000. Contrary to his predictions, the uptrend continued, and BTC currently stands at $22,800 – a 27% increase since he shared his views.
Jim Cramer, a well-known American television personality, also urged people to cash out their „awful“ crypto positions at the beginning of December last year, while bitcoin was trading around $20,000. Despite his pessimistic prediction, Bitcoin has since surged over 10% and has now reached a new all-time high.
The surge in Bitcoin’s price has been attributed to a number of factors, including an increase in institutional investors, an increase in the demand for digital assets, and an increase in the overall sentiment around the asset. Additionally, there has been an increase in the number of companies and investors who are now accepting Bitcoin as payment, further driving up its price.
As Bitcoin continues to surge, more and more people are now looking to invest in the asset. Despite the pessimistic predictions of Peter Schiff and Jim Cramer, it looks like the uptrend is here to stay and the asset is set to continue its impressive price run in the near future.