Bitcoin (BTC) ATH serves Jim Cramer with epic comeback amid failed ETF venture
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The irony of Cramer's ETF struggle is palpable, especially considering his vocal criticisms of Bitcoin. In January, Cramer warned of a potential downturn in Bitcoin's value, citing concerns about its rapid appreciation. I wrote a post-mortem on the Inverse Cramer ETF, which never had chance thx to its long/short design. An ETF like this needs a shiny object moment and you can't get that if holdings canceling each other out. From our new monthly"Autopsy Report"However, Bitcoin has defied expectations, surging to an all-time high of $73,000 and continuing its upward trajectory. At the time of writing, Bitcoin is trading at $72,300, with a market capitalization of $1.4 trillion.
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