That said, outspoken Bitcoin critic and CEO of Euro Pacific Capital Peter Schiff pointed out that increased investor interest is, in part, a result of the amount of news coverage. One theme that's become clear in is that the crypto industry is more than just Bitcoin.
More and more projects are being built on these platforms, giving them a bigger share of the market. There are many moving parts in crypto, from the booming NFT market to the growth of DeFi and metaverses.
Bitcoin may serve as a digital gold for this evolving industry. But it also may get replaced by newer, faster coins. Bitcoin maximalists like Jack Dorsey feel that most other cryptos go against the spirit of the original digital currency. He champions Bitcoin over all other coins, believing the first-ever crypto could one day be the native currency of the internet.
We've given both sides of predictions so far, but there are very few people who suggest more regulation is not inevitable. Opinion isn't so united on whether this is a good thing. Many industry players hope for clearer regulation that would help build investor confidence. Some, like billionaire investor Mark Cuban, argue that regulation is necessary , especially around stablecoins.
And Charlie Munger, vice chairman of Berkshire Hathaway and the man who said Bitcoin is " disgusting and contrary to the interest of civilization " advocates more extreme measures. He recently said he thought China was right to ban the coin.
Whether you believe Bitcoin is on the cusp of a new breakout or on the verge of collapse, one thing is certain: Cryptocurrency remains a divisive topic. If you're considering buying Bitcoin , research the industry and understand the risks involved. We don't know what impact increased regulation will have, or what form that regulation will take -- and there's still a chance that other technologies could take the wind out of Bitcoin's sails.
Buy from a reputable cryptocurrency exchange , and don't spend more than you can afford to lose. That way, you minimize the risks of getting badly burned if things go wrong. The Motley Fool owns shares of and recommends Bitcoin. Want to take a deep dive into Cramer's world? Hit him up! Skip Navigation. Investing Club. Key Points. I know I am, especially if we get a final leg down," Cramer said. In this article. VIDEO Cramer: Charts suggest history may repeat itself for bitcoin after steep decline.
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