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Jim Cramer Says “Buy Fear, Not Sell It,” Crypto Community Reacts
In a surprising statement, well-known Wall Street expert and investor Jim Cramer advised the public to “buy fear, not sell it.” This unexpected piece of advice has sparked a heated debate within the crypto community.
Cramer’s comment was made in response to the recent price fluctuations experienced by Bitcoin. Over the last 24 hours, the world’s largest cryptocurrency by market capitalization shed a significant portion of its gains from the past month. As a result, it dropped by nearly 10% and fell from the $102,450 zone to $92,951.
However, after the rapid decline, BTC has bounced back somewhat and is currently trading at around $95,200.
The main reason behind this sudden downturn was the recent statement made by Federal Reserve Chairman Jerome Powell. He revealed that the central bank plans to slow down the pace of interest rate cuts in 2025. This decision led many investors to reassess their positions in the market and sell their Bitcoin holdings.
Despite the turmoil, Cramer’s words of wisdom have resonated with some members of the crypto community. The idea of buying fear rather than selling it is not new, but it’s still a valuable reminder for those who are considering taking profits or getting out of the market due to recent price movements.
As the crypto space continues to evolve and become more mainstream, the advice of experts like Cramer can be invaluable in helping investors make informed decisions.
Source: u.today
