The Real Reason Behind Bitcoin’s Mind-Blowing Surge to $80K? One Word: Cramer

Bitcoin is on a roll, as we might have mentioned a few times in the past couple of days. But let’s recap quickly: BTC traded below $65,000 for weeks when all hell broke loose on Wednesday afternoon. Since then, the asset has skyrocketed by 25% and neared $80,000 earlier today for the first time in three months.

The obvious question on everyone’s mind is: Who is responsible for this spectacular rally? What’s the reason behind it? Well, after reviewing tons of online material, we have finally reached a definitive conclusion.

Did He Do It Again?

Analysts, experts, market commentators, media websites, and our mothers: we have all speculated in the past 60 hours on what could be the driving force behind this mind-blowing surge to $80,000.

And our conclusion shows clearly: It’s not the US Treasury Department’s announcement, it’s not the major White House crypto meeting, it’s not Trump’s words that the US has to lead in crypto and might accumulate BTC, it’s not the renewed ETF inflows, it’s not the de-escalating war developments. None of those have the impact that the actual reason has. And that reason has a name: Jim Cramer.

… Continue reading the full article at the original source below.