Wall Street personality Jim Cramer has issued a blunt warning for Bitcoin (BTC) after the recent market crash, suggesting the next support could be near $73,000. The warning comes as Bitcoin dipped below $80,000, hitting $74,591 during early February trading.
Cramer highlighted MicroStrategy co-founder Michael Saylor’s continued Bitcoin buying, questioning whether the company still has “dry powder” to influence the market. Despite the crash, Strategy purchased 855 BTC worth $75.3 million between Jan. 26 and Feb. 1.
Cramer, referencing strategist Jessica Inskip, emphasized that Bitcoin remains volatile and its reliability as a currency is limited, even as some investors continue to add to their positions. At the time of writing, Bitcoin traded around $78,771, leaving traders cautious about potential downside risk.
