{"id":63897,"date":"2022-07-04T16:01:32","date_gmt":"2022-07-04T13:01:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63897"},"modified":"2025-09-06T11:27:19","modified_gmt":"2025-09-06T08:27:19","slug":"jim-cramer-the-fed-secures-an-outstanding-victory-over-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jim-cramer-the-fed-secures-an-outstanding-victory-over-cryptocurrencies\/","title":{"rendered":"Jim Cramer: The Fed Secures an Outstanding Victory Over Cryptocurrencies"},"content":{"rendered":"<p>Former hedge fund manager of Cramer &#038; Co. and host of CNBC&#8217;s Mad Money, Jim Cramer <a href=\\\"https:\/\/www.cnbc.com\/2022\/06\/30\/cramer-feds-inflation-battle-is-nearly-done-with-collapse-in-crypto.html\\\">noted<\/a> progress by the U.S. Federal Reserve (the Fed) in its fight against digital assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn the war on inflation there is a front with an outstanding victory by the Fed, and this is the battle against financial speculation. [\u2026] The work to destroy cryptocurrencies is virtually complete, but they seem not to know about it yet,\u201d he said.<\/p>\n<\/blockquote>\n<p>In Cramer&#8217;s view, digital assets offer investors no protection from anything, and the Fed should continue its fight against inflation, particularly on wages.<\/p>\n<p>In October 2021, the host <a href=\"https:\/\/u1f987.com\/en\/news\/jim-cramer-crypto-investing-is-fine-if-you-recognise-the-risks\">supported investors buying cryptocurrencies<\/a> who understood all the risks. According to Cramer, he himself did not invest in Bitcoin or Ethereum as a hedge against inflation, but \u201cjust gambled.\u201d<\/p>\n<p>As reported by Coinglass, the second quarter of 2022 <a href=\"https:\/\/u1f987.com\/en\/news\/q2-2022-was-bitcoins-worst-quarter-in-11-years\">was the worst for Bitcoin in 11 years<\/a>. The asset fell 56.2%, from $45,000 to $19,884.<\/p>\n<p>According to Galaxy Digital CEO Mike Novogratz, the downturn in the crypto market <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-sets-timeline-for-end-of-the-crypto-market-recession\">will last for about another 18 months<\/a>, and the industry will see its first signs of recovery after the Fed eases monetary policy.<\/p>\n<p>Investor Michael Burry<a href=\"https:\/\/u1f987.com\/en\/news\/the-big-short-hero-predicted-further-bitcoin-price-decline\">, who predicted the 2007 mortgage crisis,<\/a> forecast the continued decline in Bitcoin&#8217;s price.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former hedge fund manager of Cramer &#038; Co. and host of CNBC&#8217;s Mad Money, Jim Cramer, noted progress of the U.S. Federal Reserve in its fight against digital assets.<\/p>\n","protected":false},"author":1,"featured_media":63898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,1297,1138],"class_list":["post-63897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-jim-cramer","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63897"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63897\/revisions"}],"predecessor-version":[{"id":63899,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63897\/revisions\/63899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63898"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}