Cramer Dumps on Bitcoin, Predicts Decline While Community Remains Resilient

Jim Cramer said on CNBC he won't invest in bitcoin because he thinks it will go down. He recommended gold instead as a hedge against inflation.

Bitcoin is down from its peak but still up 68% this year. Recent analysis shows bitcoin and ether gaining as altcoins struggle under regulatory pressure.

Many expect an imminent bitcoin ETF approval to bring trillions into the market, like gold ETFs did in 2004.

Cramer sold his bitcoin last year during China's mining crackdown. The SBF trial is hurting crypto's reputation.

Bitcoin continues to show resilience as an asset, community, and technology despite constant doomsaying. Regulatory clampdown could help bitcoin.