Jim Cramer, host of the Mad Money program, has made new statements about Bitcoin (BTC).
Jim Cramer, known in the cryptocurrency community as a contrarian indicator, addressed BTC bulls and revealed his price prediction.
Drawing attention to Bitcoin's sharp drop over the weekend, Jim Cramer harshly criticized Bitcoin bulls.
Asking Bitcoin bulls where they stand, Cramer, referencing strategist Jessica Inskip, pointed to a potential support zone around $73,000.
Cramer stated that he expects Bitcoin to jump towards the $80,000 level, arguing that for this to happen, it needs to regain $77,000.
Targeting Jim Cramer Strategy (MSTR) and its chairman Michael Saylor, Cramer questioned whether Saylor, a longtime Bitcoin bull, had "cash on hand" to get involved.
Cramer noted that the recent drop reminded him of Bitcoin's volatility, adding that he personally owns Bitcoin.
"The fact that Bitcoin can be shown what happens in a weekend reveals its unreliability as a currency in the short term.
Where are Michael Saylor and his cronies? Bitcoin needs to use this $77,000 springboard to reach at least $83,000 by February 7th. Do they have cash on hand? Where are the usual crypto supporters?"
Jim Cramer, who has become a contrarian within the community, immediately attracted attention with his statements about BTC needing to rise by February 7th. The question now is whether Cramer's statements will negatively impact BTC.
