According to TV presenter and founder of the hedge fund Cramer & Co, the Bitcoin rate has already reached its peak, and it is hardly possible to expect further growth of the first cryptocurrency.

Jim Cramer, on the air of the “Crazy Money” program, questioned the further growth of BTC. The seasoned investor made his statement after the Bitcoin rate reached an all-time high and then fell below $59,500.

The founder of Cramer & Co is known for being skeptical of the entire cryptocurrency market and has repeatedly called Bitcoin a scam. In January, he declared the price of Bitcoin to peak at $47,000. A few days later, the price of the main cryptocurrency rose above $48,500.

Earlier, Jim Cramer said that Bitcoin will always be in demand among traders, and the first cryptocurrency cannot be destroyed.