Popular TV host Jim Cramer believes that the Federal Reserve could destroy bitcoin. In September 2022, he said that the regulator is gradually increasing the pressure on the market of IT stocks.
Tightening monetary policy prevents capital from returning to risky assets. In this situation, not only stock markets, but also cryptocurrencies will face the departure of investors.
Last Tuesday on the air of CNBC Cramer predicted the collapse of bitcoin. In his opinion, the bearish trend is dragging on.