Jim Cramer Warns: American Bitcoin Could Cost Investors Everything

Well-known stock market commentator and “Mad Money” host Jim Cramer has issued a sharp warning to American Bitcoin (ABTC) investors. According to him, they could, in the worst-case scenario, “lose everything” if they continue to bet on this cryptocurrency speculation.

“It’s Just Speculation” During his remarks, Cramer stressed that investors must fully understand the risks tied to buying American Bitcoin: “It’s just speculation. It’s your one speculation, as I say, to try to make money… But it could lead to losing everything. If you know that, that’s fine,” Cramer told his audience.

ABTC Shares Decline Shares of American Bitcoin (ABTC), backed by Canadian mining firm Hut 8, closed the last trading day at $6.69, marking a 4.29% drop. The decline came amid a broader sell-off across the cryptocurrency market. Hut 8, one of the largest corporate holders of Bitcoin, continues to position itself as a major force in the mining industry, drawing growing attention to its ABTC product.

Crypto Rally Loses Steam In recent weeks, Cramer has repeatedly stated that he wished the “endless speculation rally” would finally cool off. Although he has often been ridiculed by the crypto community for making contradictory predictions, his latest warning appears to be relatively accurate. Bitcoin’s price dropped to a multi-week low, trading at $108,787 during the day.

Uncertain Future While some investors see the current volatility as just a normal correction on the way to further gains, Cramer highlights the risk of a total wipeout. His comments once again raise the debate on whether Bitcoin and its derivatives represent the future of finance or simply another bubble waiting to burst.

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