Jim Cramer, one of the most famous economists of CNBC, made a noteworthy statement following the sharp decline of Bitcoin (BTC).
In the Market Alert program, Cramer argued that U.S. President Donald Trump bought Bitcoin for the U.S. Strategic Bitcoin Reserve at a price below $60,000 after the price fell to that level.
As is known, the price of BTC has sharply decreased this week, down to around $60,000. There is currently no official statement or on-chain evidence indicating that the U.S. has purchased Bitcoin during the recent price drop.
U.S. officials and Mr. Trump have stated that they will not actively buy cryptocurrency from the BTC strategic reserve, but instead will add it to the reserve for storage without selling it.
Jim Cramer added that his statement is based on rumors. However, after dropping to that level, the price of Bitcoin has actually recovered strongly, rising back above $70,000.
