.jimcramer has advised against shorting the tech-heavy Nasdaq index
"Short this Nasdaq and invite me to your funeral," sparking a flurry of reactions from the community.
Cramer has a reputation for incorrect predictions, leading many to take a contrarian view on his advice not to bet against the tech-heavy stock market index. The correlation between Bitcoin and the Nasdaq is an important context to consider when interpreting Cramer's tweet., with their prices swaying in harmony as they are pulled by the strings of investor sentiment, global economic trends, and technological advancements.
Bitcoin's value spiked to nearly $25,000 following assurances from US authorities that deposits at failed Silicon Valley and Signature banks would be protected.
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