[ad_1] <br><div><a target="_blank" class="article__lead-img--wrapper" href="https://news.google.com/alex-dovbnya" rel="noopener"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2019-11/alex-m-ava.jpg" class="author__item-user-avata"/> </a> <div class="article__lead-info"><a target="_blank" class="article__lead-name" href="https://news.google.com/alex-dovbnya" rel="noopener">Alex Dovbnya</a> <p>Longtime CNBC host Jim Cramer lambasted cryptocurrencies throughout latest episode of "Mad Cash" present</p> </div> </div><div> <p>Throughout a latest episode of "Mad Cash," longtime CNBC host Jim Cramer mentioned that he anticipated altcoins of the likes of XRP, Cardano and Dogecoin to probably <a target="_blank" rel="nofollow noopener" href="https://www.cnbc.com/2022/12/05/jim-cramer-urges-investors-to-exit-crypto-its-never-too-late-too-sell.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1670285801"><u>collapse to zero</u></a>.</p> <p>The celebrity TV host has warned buyers that it isn't too late to dump their cryptocurrency holdings regardless of declining cryptocurrency costs.</p> <p>The stockpicker believes that the highest cryptocurrencies are nonetheless severely overvalued, which is why those that proceed to carry them discovered themselves in an "terrible place."</p> <p>The longtime "Mad Cash" host additionally took intention at Tether (USDT), the world's largest stablecoin, questioning the corporate's USDT reserve backing. Cramer says that crypto fanatics are desperately making an attempt to maintain issues "up within the air," evaluating the present state of the crypto business to the dot-com bubble.</p>
<p>Though cryptocurrency boosters are likely to scoff at Cramer's statements, he precisely predicted that cryptocurrencies had extra room to fall <a target="_blank" href="https://u.today/jim-cramer-believes-crypto-has-much-more-room-to-fall" rel="noopener"><u>in June</u></a>. Again then, his bearish thesis revolved round the concept that the Federal Reserve was going to immolate crypto with rate of interest hikes.</p> <p>Following the collapse of the FTX trade, the outlook for crypto has change into much more dire even if inflation seems to have peaked.</p> <p>Nonetheless, Bitcoin is but to drop to Cramer's bearish goal of $12,000. The biggest cryptocurrency is at the moment buying and selling barely above the $17,000 stage after dropping to a multi-year low of $15,479 on Nov. 21.</p> <p>As <a target="_blank" href="https://u.today/bitcoin-at-5000-might-happen-next-year-leading-financial-expert" rel="noopener"><u>reported by U.Today</u></a>, Eric Robertsen, the top strategist of Customary Chartered, not too long ago predicted that Bitcoin might plunge to $5,000 in 2023.</p> </div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiTGh0dHBzOi8vdS50b2RheS9qaW0tY3JhbWVyLXNheXMtY2FyZGFuby14cnAtYW5kLWRvZ2Vjb2luLW1pZ2h0LWNyYXNoLXRvLXplcm_SAVBodHRwczovL3UudG9kYXkvamltLWNyYW1lci1zYXlzLWNhcmRhbm8teHJwLWFuZC1kb2dlY29pbi1taWdodC1jcmFzaC10by16ZXJvP2FtcA?oc=5">Source link </a>