Jim Cramer; Bitcoin Price Can Reach $1,000,000

This week, Jim Cramer, an American television presenter (Mad Money on CNBC), a former hedge fund manager, the author of a number of bestsellers, said on television that in the future the cost of bitcoins could reach $ 1 million.

He said:
"I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. It's a short-term way to be able to deal with cybersecurity. It is the way to pay off the bad guys.”
More importantly, Kramer's statement does not take into account the fact that bitkoyn is more viewed as a means of accumulating and preserving value than as a means of calculating with extortionists.