Jim Cramer Selling Almost all His Bitcoin Following Crackdown in China

Last Updated: June 23, 2021

Jim Cramer, Mad Money host on CNBC, says that he has sold most of his Bitcoin assets, following a crackdown in China over cryptocurrency miners in Sichuan. He explained that he expected Bitcoin to
Jason

Jason

Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!
Jim Cramer Selling Almost all His Bitcoin Following Crackdown in China
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Jim Cramer, Mad Money host on CNBC, says that he has sold most of his Bitcoin assets, following a crackdown in China over cryptocurrency miners in Sichuan. He explained that he expected Bitcoin to slide even further down in value.

cryptocurrency

He also said that China’s crackdown on cryptocurrency mining was a factor, as well as the integrity of Tether, an issuer of stablecoin. The value of the world’s most popular cryptocurrency decreased by more than 11% on Monday, right after news broke of the central bank in China telling big financial institutions to halt virtual transactions.

Bitcoin is currently down more than 5% as a result of the last 24 hours.

Written by Jason

Hi! I’m the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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