Binance CEO Changpeng Zhao took to Twitter to ridicule crypto skeptic Jim Cramer who often advocates the selling of crypto assets even at a loss. When Bitcoin retrieved the $17k mark, Cramer told crypto enthusiasts that this presented a great opportunity to exit the market.

After Bitcoin surpassed the $20k mark, Zhao sarcastically told Cramer on Twitter to “please continue” spreading messages of fear, uncertainty and doubt about the crypto market and environment, re-iterating his confidence in Bitcoin and the future expansion of the crypto space.

The FTX catastrophe has plummeted BTC from $21,000 to below $16,000 as investors and traders withdrew their cryptic holdings, but has seen the brighter side of the day since the start of 2023. Since the start of the new year, Bitcoin rose nearly 25% from $16,605 to nearly $20,720 as per January 15th; an optimistic rise despite being miles away from the all-time high exceeding $65,000.

Sources:

https://www.statista.com/statistics/326707/bitcoin-price-index/

https://cryptonews.net/news/bitcoin/19290141/

https://twitter.com/jimcramer/status/1612403708759019520

https://twitter.com/cz_binance/status/1614389269342162944