Binance chief Changpeng Zhao commented on Jim Cramer’s recommendation to sell digital assets.
This is just too accurate now. Cramer posted this on Jan 9, the day before Bitcoin went from 16k to 20k.
Please continue to FUD crypto! 🙏 https://t.co/pDkk1BnfAr
— CZ 🔶 Binance (@cz_binance) January 14, 2023
‘A good chance to exit crypto again and cut positions in Chinese equities. Neither the first nor the second should be trusted,’ wrote Cramer on January 9.
On the same day, the price of digital gold for the first time since mid-December 2022 surpassed $17,000. Bitcoin continued higher and tested the $21,000 level. At the time of writing the asset was trading at around $20,800.
Zhao ridiculed Cramer for investment advice:
‘This looks very accurate now. Cramer published this on January 9, a day before Bitcoin rose from $16,000 to $20,000.’
In late 2022, Cramer urged the U.S. Securities and Exchange Commission to tighten regulation of cryptocurrency companies and carry out a “great cleansing” of the industry.
In early December, the bitcoin-skeptic noted the risks of prices dropping to zero for several popular digital assets. Among them were XRP, Cardano (ADA), Polygon (MATIC) and Dogecoin (DOGE).
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