American TV personality and host of Mad Money on CNBC Jim Cramer has liquidated most of his Bitcoin (BTC) assets following China’s FUD.
The Street.com co-founder told CNBC Squawk Box that bitcoin has some structural difficulties and its price might plunge even further.
He revealed that he traded almost all his bitcoin assets.
“$30,000 intraday, look out, gotta hold. Maybe the buy point,” Jim Cramer said. “I’m not going there, sold almost all of my bitcoin. Don’t need it.”
Meanwhile, Stock to flow creator, PlanB believes that bicoin might reach $135k by December based on their worst-case scenario analysis.
Quite an interesting forecast to make at a time like this.