CHINESE CRACKDOWN! - Jim Cramer SCARED Into Selling His Bitcoin! - Will STILL Hit 100k in 2021
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Josh Sigurdson talks with Tim Picciott about the recent news of Mad Money's Jim Cramer selling "most" of his Bitcoin due to fear of the Chinese government's crackdown as well as completely misguided views on ransomware attacks.
Cramer's lack of understanding how Bitcoin works is a good reason why for 10 years he hasn't bought it, until very recently that is. Once Cramer bought Bitcoin, it only took a matter of months for a news story that would usually lead to most of us shrugging lead to him selling and panicking.
The fact is, China went after Facebook, Google, Twitter among countless other major tech sites and they all survived without China's money and without giving China money (until recently). On the other hand, Bitcoin isn't just some tech company. There is no company. It's a decentralized cryptocurrency on a blockchain which seriously shatters the attempt by global governments to enforce a centrally planned cashless society unto us.
In this video, Tim, a certified financial planner and a long time Bitcoin enthusiast explains why Cramer is wrong and why Bitcoin is revolutionary going forward, including against the global cashless society which of course sounds strange to most, until you study.
We also explain why privacy coins like Monero, PirateChain, Wownero and Epic Cash are even more revolutionary.
Stay tuned for more from WAM!
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Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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