What up, DailyCoiners,

There have been lots of bold statements over the last couple of days.

Not to mention some very embarrassing footage of one particular “analyst.”

Let’s jump in and see what the fuss is all about:

• Why the Inverse Cramer ETF Could be a Winner

• Anit-Crypto Senator Attacks Fed Chair 

• Novogratz Shines a much Needed Light on Bitcoin

Oh, Jim, That Was Embarrassing!

Many of you will know Jim Cramer from his role as an “analyst” on CNBC’s Mad Money. Many of you will also know that sometimes (quite often), he gets things wildly wrong.Well, now we may know why!

Footage surfaced on Twitter yesterday of the shiny-headed ex-hedgefund manager appearing at best drunk and at worst in need of medical attention.Maybe this is the reason for his notoriously bad calls.

His calls have got so bad recently that a host of Twitter accounts have sprung up about the prospect of "inversing Cramer" ETF – i.e., doing the opposite of what he recommends. If Cramer says to sell a particular stock, you buy. If he says to buy, you sell. Pretty simple, right?For example, he recently urged his viewers to buy stock in Silicon Valley Bank and said it would be one of the biggest winners in 2023.Unless you’ve been living under a rock, you'll know that Silicon Valley Bank completely collapsed last week!

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Senator Warren Making Waves…Again!

Notoriously anti-crypto Massachusetts Senator Elizabeth Warren has a bee in her bonnet about Federal Reserve Chair Jerome Powell and has called on him to rescue himself amid an internal probe at the Federal Reserve.

In a statement, she made reference to the upcoming review of the supervision and regulation of Silicon Valley Bank: “For this review to have any credibility at all, Chair Powell has to rescue himself…He is the one who not only presided over the Fed, who not only came to Congress and answered questions from me and from others about this de-regulatory move but actually led it."So, what's her problem?Does she have crypto’s best interest at heart (doubtful), or is she trying to displace Powell and have her own pawn put in his place?Regardless, at this point, it’s hard not to see the attack on crypto in motion by the U.S. government.What do you think?

Novogratz, Fighting the Good Fight!

Long-time Bitcoin bull Mike Novogratz noted on CNBC’s Squawk Box; that banks typically rebuild capital by lending less, meaning that a credit crunch is imminent.

He also noted that indicators like the commodities market point to a recession.

Founder and CEO of Galaxy Digital Novogratz told CNBC that a reversal in interest rate policy was in the cards, predicting that while the Federal Reserve would “like to do a dovish hike, just for credibility’s sake,” and doing so would be a “huge policy error.”Why is this important to us?Well, he went on to say:“If there was ever a time to be in Bitcoin and crypto, this is why it was created, in that governments print too much money whenever the pain gets too great, and we’re seeing that.”The recent actions of the U.S. government, shutting down crypto-friendly banks, are possibly blowing up in their faces.

Just don't mention the Luna tattoo! 🙊

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