U.Today – , the first and largest cryptocurrency by market cap, is up nearly 473% since CNBC’s “Mad Money” host Jim Cramer called it a “fraud” about two years ago.
Bitcoin historian Pete Rizzo brought this fascinating fact to light in a recent X post, sparking thought in the crypto market.
In January 2023, as Bitcoin traded above the $16,000 mark, Cramer called it “a lie and a fraud,” adding that cryptocurrency prices “are driven up by people who want to drive them up.” Cramer previously invested in Bitcoin and non-fungible tokens (NFTs), but sold all of his crypto assets before that.
The Mad Money host would later warn investors to stay away from cryptocurrencies, telling them to get their money out while they can. Cramer also stated that he “won’t touch cryptocurrencies for a million years” because he believes they are primarily scams.
Fast forward to January 2025, and now Bitcoin is trading above $96,000. Taken from the time of Cramer’s statement (according to a CNBC “Squawk on the Street” video clip shared by Rizzo) when Bitcoin was trading at $16,807, the leading cryptocurrency has since gained nearly 473%.
Bitcoin Predictions 2025
At the time of writing, Bitcoin is up 3.16% in the last 24 hours to $96,568. In December, the world’s largest cryptocurrency surpassed the much-anticipated $100,000 mark, reaching a record high of $108,268 on December 17.
CNBC recently published a compilation of Bitcoin price predictions for 2025. Matrixport, a crypto financial services company, predicts that Bitcoin will reach $160,000 by 2025. Alex Thorn, head of research at the crypto-focused asset manager Galaxy Digital (TSX: ), believes Bitcoin will surpass $150,000 in the first half of the year before reaching $185,000 in the fourth quarter.
Geoffrey Kendrick of Standard Chartered (OTC:) predicts that the price of Bitcoin will double. The bank’s head of digital asset research has predicted that Bitcoin will reach $200,000 by the end of 2025.
Sid Powell, co-founder and CEO of centralized financial platform Maple Finance, believes Bitcoin will trade between $180,000 and $200,000 by the end of 2025.
