When Bitcoin surged past the $21,000 mark it caused a lot of excitement in the crypto community. But it also set off one of the most amusing exchanges between CNBC’s Jim Cramer and Changpeng Zhao, CEO of Binance.
On January 14, Binance CEO Changpeng Zhao took to Twitter in order to confront Jim Cramer. The guy who is a popular CNBC debating figurehead, for his recent remarks about cryptocurrency.
CZ’s Twitter troll campaign was sparked when bitcoin soared to a record high of $21,000 on January 13th . An event that crypto-skeptic Jim Cramer had urged his audience against only four days prior. This was at the price of around $16-17k.
Needless to say, Binance CEO took great pleasure in kicking off 2021. This was by capitalizing on this situation for comedic effect. Not forgetting reminding the industry about his New Year’s resolutions.
CZ’s mocking of Cramer’s prediction didn’t go unnoticed as crypto markets served up a heaping portion of humble pie. His anti-crypto stance has become the butt of many jokes. Furthermore, people often recommend taking an opposing strategy to that which Cramer suggests. This is to enable to achieve more fruitful results.
Binance giving positive outlook
Regardless of Cramer’s opinion on the matter, it is clear that the crypto markets are continuing to generate more and more interest among investors, traders, and laypeople alike.
The surge past $21k was a major milestone for bitcoin. However, it will surely be remembered fondly by Binance CEO Changpeng Zhao. He will be looking back at this amusing exchange. This week, the crypto market skyrocketed in value. However, it exceeded once again a $1 trillion market capitalization (market cap) according to CoinGecko.
The industry, unfortunately, suffered throughout 2022. This is not the case for 2023, the initial signs of 2023 are quite promising. Furthermore, it appears that we’re heading back towards being an influential medium which could make Cramer regret his words from before
