Popular CNBC host Jim Cramer recently stated that a resumption of the Bitcoin rally is unlikely anytime soon. Most likely, the digital currency market will continue to stagnate, and the activity of investors on trading floors will weaken.
Related: Jim Cramer Says Crypto Has No Value and NFTs Are Awful
Earlier this week, Cramer was even more pessimistic. He stated that cryptocurrencies have no real value. This asset is useless from a practical point of view, and its further fall is inevitable. In his position, he recalled that the capitalization of the crypto market collapsed from $3 trillion to $1 trillion.
Cramer said: "Cryptocurrencies seem to be collapsing. First, they rose to $3 trillion and then collapsed to $1 trillion. Why should he stop at $1 trillion? Cryptocurrencies have no real value."
The TV host is also skeptical about the NFT industry.
In his opinion, non-fungible tokens are useless tools. Those who decide to buy NFTs are making a big mistake, as they are likely to lose their capital.