Renowned financial analyst Jim Cramer has expressed concern over Bitcoin’s “unreliable” status following recent weekly volatility. After a surge in the cryptocurrency market, Bitcoin’s price suddenly dropped to around $74,000. Cramer questioned Bitcoin’s use as a short-term currency due to this instability. As the world’s most well-known and oldest digital cryptocurrency, Bitcoin remains a dynamic yet uncertain asset for investors, with rapid price fluctuations common. Some experts consider it unsafe for short-term trading, a view highlighted by Cramer’s criticism. Bitcoin has always held a prominent position in the crypto world, setting standards for other virtual currencies. However, recent market changes have led investors to question whether Bitcoin can truly function as a stable currency or if it is merely a short-term investment tool. Experts warn that such market uncertainty poses risks to investors, while global financial conditions and government policies also influence Bitcoin’s price. In the coming days, investors and analysts will closely watch whether Bitcoin regains stability or continues to experience price volatility.
Source: coindesk
