According to popular TV host Jim Cramer, the Federal Reserve could wipe out all risky assets, including bitcoin.
At the beginning of July, this journalist said that a renewed BTC rally is unlikely in the coming months. The crypto market is likely to stagnate because many investors have become disillusioned with virtual currencies as a hedging tool.
On CNBC this week, Kramer not only reiterated his pessimistic outlook, but also didn’t rule out the Fed’s ability to wipe out all risky assets, including bitcoin.