Binance CEO mocks crypto skeptic Jim Cramer as BTC crosses $20,000 by CoinEdition

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© Reuters. Binance CEO mocks crypto skeptic Jim Cramer as BTC crosses $20,000 Binance CEO mocks Jim Cramer as it crosses the $20,000 mark. When BTC hit $17,000, Cramer told investors it was a great exit opportunity. to break through the $1 trillion valuation again.

Changpeng Zhao, CEO of Binance, the largest crypto exchange, pokes fun at staunch crypto skeptic Jim Cramer, who has often instructed crypto investors to sell their Bitcoin holdings at a loss.

Binance’s CEO mocked Cramer yesterday on Twitter after the crypto skeptic’s pessimistic projection on crypto turned out to be wrong. Zhao sarcastically told him, “please continue” to spread messages of fear, uncertainty, and doubt (FUD) in the crypto market.

It’s just too precise now. Cramer posted it on January 9, the day before Bitcoin went from 16,000 to 20,000. Please continue on FUD crypto! https://t.co/pDkk1BnfAr

— CZ Binance (@cz_binance) January 14, 2023

On the day Bitcoin broke above $17,000 this month, Cramer told crypto enthusiasts that it was a great opportunity to exit the market. In his words:

[It is a] good luck again getting out of crypto and cutting chinese stocks as neither are trustworthy.

Due to the FTX fiasco, Bitcoin (BTC) fell from over $21,000 to a two-year low of $15,883 last November. The coin never recovered its $21,000 price until yesterday, when it traded at $21,075, the first time in nearly nine weeks, according to data from the market-tracking platform. CoinMarketCap.

While the crypto market has suffered a significant price depreciation, Jim Cramer has continually told crypto investors that it is never too late to get out of a terrible position. On one of his CNBC shows last month, he said:

You can’t blame yourself and say, “Hey, it’s too late to sell.” The truth is, it’s never too late to sell a horrible position, and that’s what you have if you own these so-called digital assets.

However, in an exciting turn of events, the global crypto market cap is on course to break through the $1 trillion valuation again after closing 2022 below $790 billion.

Binance CEO post mocks crypto skeptic Jim Cramer as BTC crosses $20,000 appeared first on Coin Edition.

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