Dot-com billionaire Mark Cuban said that while a few cryptocurrencies like bitcoin and ether will survive and thrive to become the new Amazons and EBays, most digital assets will burst with a crypto bubble.
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"Mad Money" host Jim Cramer still likes bitcoin, but that didn't stop him from selling as the crypto market frothed past $40,000 (Photo: Wikimedia Commons)Recent Bitcoin convert Jim Cramer: ‘I’m playing with the house’s money’
With BTC’s price doubling in four weeks, the host of CNBC’s “Mad Money” said he sold enough bitcoin to make back his investment; will only jump back in at $20,000
On Dec. 11, Cramer—talking about a dot-com bubble-like atmosphere in IPOs, not crypto, it should be noted—said "When you have these 50-60% gains in a week or 100% gains over three weeks, check out. Let someone else make the next 100%."
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Bitcoin hits $40,000—briefly
The first cryptocurrency made it past a psychologically powerful barrier on the heels of a weakening dollar and growing acceptance by mainstream investors and financial institutions
Bitcoin briefly cracked $40,000 on Jan. 7, reaching a new all-time-high of $40,180.15 at 1:21 p.m. EST according to CoinGecko. It then plummeted nearly $3,000 before jumping back to its current $39,200.
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Bitcoin passes $26K as bulls charge
Spurred on by mainstream institutional investors, the milestone came just hours after bulls rushed past $25,000
Bitcoin powered well past $26,000 hours after breaking $25,000 on Dec. 26, continuing a price spike that began in November when BTC was below $14,000. At press time, Bitcoin had reached above $26,700 before retreating slightly, according to CoinMarketCap.
