Jim Cramer, the host of CNBC’s Mad Money show, has endorsed ethereum and spot ether exchange-traded funds (ETFs), highlighting the cryptocurrency as a “great store of value” amid concerns over the U.S. dollar due to federal budget deficits. “I have ether because it’s a great store of value,” he affirmed. Jim Cramer on Ethereum and […]
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Mad Money Host Jim Cramer Expects Spot Ethereum ETF to ‘Bloom’ Soon
Jim Cramer, the host of CNBC’s Mad Money show, believes that a spot ethereum exchange-traded fund (ETF) “will soon bloom.” He cited the immense success of spot bitcoin ETFs, which set several records this week, as the reason behind his statement. Jim Cramer on Spot Ethereum ETFs Mad Money host Jim Cramer weighed in on […]
Bitcoin News
Mad Money Host Jim Cramer Doubts Bitcoin Will Find Its Footing as Selloff Continues
Jim Cramer, the host of CNBC’s Mad Money show, has doubled down on his bearish bitcoin price outlook, predicting that the cryptocurrency will continue to struggle against the backdrop of a plummeting crypto market. “Unlikely that bitcoin finds its footing,” Cramer emphasized, after previously declaring the recent price drop a “nasty beginning” to a significant downward spiral.
Jim Cramer Expects Further Bitcoin Price Drop
Mad Money host Jim Cramer weighed in on the price of bitcoin on social media platform X again this week. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
Cramer wrote on X Tuesday after the price of bitcoin fell below K: “Now that bitcoin’s down about 20% from its high I expect a strong stand to be made but it won’t hold because not enough money is coming in. New theme: Number Go Down.” On Monday, after the price of bitcoin dropped below K for the first time in 48 days, the Mad Money host wrote:
Unlikely that bitcoin finds its footing.
Many users on X slammed Cramer for his historically inaccurate bitcoin price predictions. Several pointed to the reverse Cramer effect, suggesting that a bullish market for bitcoin is on the horizon since Cramer consistently maintains a bearish stance. Many people see Cramer’s bearish bitcoin price prediction as a sign that the bottom is in.
Cramer has shared his outlook on the price of bitcoin several times following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. The price of bitcoin pushed above K in anticipation of the SEC approving spot bitcoin ETFs but plunged after the approval.
Last week, Cramer said the price drop was a “Nasty beginning to the bitcoin selloff.” He also recently said BTC is topping out and that bitcoin cannot be killed, emphasizing that it’s a ” technological marvel” that is “here to stay.”
While Cramer has cautioned about the falling price of bitcoin, he said last week that he is not “stridently against” spot bitcoin ETFs, noting: “Bitcoin’s been around for 15 years, it’s fairly well-established, and I don’t want to try to stop anyone from speculating in this stuff, as long as they do their research.”
What do you think about Mad Money host Jim Cramer’s bitcoin price outlook? Let us know in the comments section below.
Mad Money Host Jim Cramer Sees ‘Nasty Beginning to Bitcoin Selloff’
Jim Cramer, the host of CNBC’s Mad Money show, has warned of a bitcoin selloff. While cautioning investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs), he said: “I’m not as stridently against these new investment vehicles as Gary Gensler is … At this point, Bitcoin’s been around for 15 years, it’s fairly well-established, and I don’t want to try to stop anyone from speculating in this stuff, as long as they do their research.”
Jim Cramer’s Bitcoin Prediction
Mad Money host Jim Cramer weighed in on the bitcoin price outlook several times this week, particularly focusing on how the U.S. Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds (ETFs) could affect its trajectory. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
The price of bitcoin pushed above K in anticipation of the SEC approving spot bitcoin ETFs. However, after the approval, it plunged to a low of nearly K on Friday. At the time of writing, BTC has slightly recovered and is trading at ,589. Commenting on the BTC price decline, Cramer wrote on social media platform X Thursday:
Nasty beginning to the bitcoin selloff.
“Someone’s probably going to try to make a stand here but as we said last night you can’t have an asset double in value by hundreds of billions of dollars in anticipation of an ETF and then almost no one shows up,” the Mad Money host added. In a follow-up post on Friday, he opined: “You knew they would make a stand on bitcoin here. Let em try to hold it up for a couple of days.”
Many people challenged Cramer’s statement, arguing that the launch of spot bitcoin ETFs was far from a flop. “It was the biggest ETF launch of all times,” one wrote. Others noted that bitcoin ETFs had already surpassed silver as the second-largest commodity ETF and witnessed massive inflows in just a few days.
Many X users view Cramer’s bearish statements about bitcoin’s price as a bullish sign. The “Cramer effect” has become a popular meme in the crypto world, with many observing that BTC often does the opposite of what Cramer predicts. If he’s bullish, expect a bearish swing, and vice versa.
While maintaining his skepticism, Cramer stated on Wednesday that he’s not necessarily against investing in bitcoin. The Mad Money host proceeded to reference JPMorgan Chase CEO Jamie Dimon who said this week that he won’t tell people what to invest in but his personal advice is to stay away from bitcoin.
“I’m taking a page from Jamie Dimon here — this is a caveat emptor situation. You can make up your own mind about what to do with these spot bitcoin ETPs [exchange-traded products], I just want to make sure you know what, exactly, you might be putting your money in and how little went into these funds versus how much bitcoin went up,” Cramer described.
Referencing SEC Chair Gary Gensler stating that the regulator’s approval of spot bitcoin ETFs doesn’t mean an endorsement of bitcoin, Cramer stressed:
I’m not as stridently against these new investment vehicles as Gary Gensler is … At this point, Bitcoin’s been around for 15 years, it’s fairly well-established, and I don’t want to try to stop anyone from speculating in this stuff, as long as they do their research. Of course, I’m not totally sure what your research would be, but that’s not my problem.
Last week, Cramer said BTC is topping out. The prior week, he said bitcoin cannot be killed and it’s a ” technological marvel” that is “here to stay.”
What do you think about Jim Cramer’s advice and warnings about bitcoin? Let us know in the comments section below.
Mad Money Host Jim Cramer Says ‘Bitcoin Is Topping Out’
Jim Cramer, the host of CNBC’s Mad Money show, says bitcoin is topping out. He recently said bitcoin cannot be killed, emphasizing that “It’s a technological marvel, and people have to start recognizing that it’s here to stay.” Cramer’s remarks followed a surge in the crypto market, with bitcoin surpassing ,000 on Monday, driven by growing optimism surrounding the potential approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Jim Cramer Thinks Bitcoin Is Topping Out
Jim Cramer said during Mad Money’s Lightning Round on Monday that bitcoin is topping out. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
Responding to a question by a caller asking about stocks like Riot Platforms (Nasdaq: RIOT) and Marathon Digital (Nasdaq: MARA), Cramer exclaimed:
Let’s stop fooling around. If you want bitcoin, buy bitcoin. I think bitcoin is topping out, by the way.
Many investors are opting to acquire stocks of companies associated with cryptocurrencies or possessing significant exposure to bitcoin, choosing this indirect approach over purchasing the digital coins directly. Besides Riot Platforms and Marathon Digital, popular choices include Microstrategy (Nasdaq: MSTR) and Coinbase (Nasdaq: COIN).
Bitcoin’s recent rally, exceeding ,000 on Monday, is fueled by growing anticipation of the U.S. Securities and Exchange Commission (SEC) granting approval for spot bitcoin exchange-traded funds (ETFs). The securities regulator to is expected to approve a handful of applicants on Wednesday.
Last week, the Mad Money host said you can’t kill bitcoin, adding that the late Charlie Munger, former Warren Buffett’s right-hand man, was blind to it. He stressed: “It’s a technological marvel, and people have to start recognizing that it’s here to stay.”
The “Cramer effect” has become a popular meme in the crypto world, with many observing that BTC often does the opposite of what Cramer predicts. If he’s bullish, expect a bearish swing, and vice versa. Following Cramer’s bitcoin topping-out comment, one X user said: “We’re going to the moon.” Another wrote: “So, bitcoin 0,000 is indeed coming.” Lawyer John Deaton wrote: “Glorious news. Literally, bought more bitcoin.”
Cramer was once a bitcoin supporter. After initially recommending a 5% portfolio allocation to BTC in March 2021, he divested his holdings due to ransomware concerns and China’s mining crackdown. Cramer later disclosed an investment in ether (ETH) but raised alarms about Binance, FTX, and Tether. By December 2022, he strongly advised investors to exit the crypto market, citing anticipated SEC actions against non-compliant crypto firms.
What do you think about Mad Money host Jim Cramer’s statement about bitcoin? Let us know in the comments section below.
Jim Cramer Says Bitcoin Is Topping Off, Time To Buy Bitcoin?
Counter-trading CNBC’s Jim Cramer has gone from being a meme to something that Bitcoin investors have begun to take seriously. As the inverse of what Cramer says has usually been the case, taking a stand in the opposite direction has proved positive for some investors. Once more, Cramer has shared his thoughts on where the BTC price is headed, so is it time to buy or sell?
Jim Cramer Calls The Bitcoin Top
In a new episode, the Mad Money host, a show hosted on the CNBC Network, called out a possible top for Bitcoin. Now, the price of BTC has been steadily rising this week, which saw the price eventually rise above ,000 for the first time in almost two years.
Following this brief surge, Cramer took to the show to reveal that he thinks the price of the asset has reached a possible top. However, instead of the usual one-sided argument, Cramer would go on to tell investors to buy BTC if they want. So while the former hedge fund manager did call for Bitcoin to top out, he is not advising investors to not buy the cryptocurrency.
“Let’s stop fooling around,” Cramer states. “You want Bitcoin, buy Bitcoin. I think Bitcoin is topping out, by the way. So I’m going to say enough is enough.” This statement tends to play on both sides of the coin for now, no longer discouraging investors from buying the asset.
BTC Goes The Opposite Way Of Cramer
Going through the path of counter-trading Jim Cramer would actually see investors buying Bitcoin at this time. If the same inverse correlation holds, then the Bitcoin price could be rocketing up from here once more.
This school of thought did not just emerge out of nowhere as even as recently as last week, the act of counter-trading Cramer seems to remain a profitable venture. Last week, Cramer had taken to his Mad Money show to praise Bitcoin after being previously bearish. Cramer explained that Bitcoin cannot be killed, saying BTC was “here to stay” and the likes of Charlie Munger were blind to it.
However, in true Cramer fashion, the price of Bitcoin would tank not long after, crashing from above ,000 to below ,000 on January 3. This is also not limited to crypto as there was an ETF dedicated to investing in the opposite direction of Cramer’s stock picks, although that ETF was closed in 2023.
Nevertheless, as news of Cramer’s new stance hits the headlines, it’ll be interesting to see where the BTC price goes from here. If it follows previous trends, then the BTC price could be headed toward a price crash once again.
Jim Cramer: Bitcoin Can’t Be Killed — It’s a Technological Marvel That Is Here to Stay
Jim Cramer, the host of CNBC’s Mad Money show, has made some bullish statements regarding Bitcoin. Noting that the crypto cannot be killed, he emphasized: “It’s a technological marvel, and people have to start recognizing that it’s here to stay.” He further stated that the late Charlie Munger, Warren Buffett’s former right-hand man, was wrong about bitcoin.
Jim Cramer on Bitcoin: ‘You Can’t Kill It’
Mad Money host Jim Cramer, who has outwardly expressed his skepticism about bitcoin and the crypto industry over the past years, made some bullish statements on CNBC Tuesday regarding bitcoin. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
Commenting on Tuesday’s bitcoin price surge and the looming decision on spot exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Cramer said:
This thing, you can’t kill it. And the late Charlie Munger, who was so brilliant on so many things, was blind to this … It’s a technological marvel, and people have to start recognizing that it’s here to stay.
While praising BTC’s “remarkable comeback,” Cramer expects that “people who are into [spot bitcoin ETFs] are using this chance to sell.”
Munger, who passed away on Nov. 28, was a well-known critic of bitcoin and other cryptocurrencies. Famous for calling bitcoin “rat poison,” and comparing BTC trading to trading turd, Munger also said the cryptocurrency is a “stink ball” among traditional currencies. He expected most crypto investments to go to zero, noting that it’s “ridiculous” and an “absolute horror” that anybody would buy crypto. He recommended investors avoid crypto “as if it were an open sewer, full of malicious organisms.”
Cramer, once a bitcoin advocate, became increasingly critical of the cryptocurrency over the past years. After recommending putting up to 5% of portfolios in bitcoin in March 2021, he sold his holdings due to ransomware concerns and China’s mining crackdown. In June 2021, he revealed that he bought ether (ETH) after dumping almost all of his BTC. The Mad Money host then became concerned about Binance, FTX, and Tether. In December 2022, he advised investors to get out of crypto now. “I wouldn’t touch crypto in a million years,” he said, adding that he expected the SEC to crack down on non-compliant crypto firms.
What do you think about Jim Cramer saying that bitcoin can’t be killed and people need to understand that it is here to stay? Let us know in the comments section below.
Here’s How Much You Would Have If You Bought Bitcoin When Jim Cramer Said Sell
Jim Cramer, the host of CNBC’s Mad Money show, has come to be known in Bitcoin circles for his constantly wrong predictions about the asset. Cramer has, at various points, called for investors to sell their Bitcoin but with the crypto’s price continuing to go up after his calls, here’s how much Bitcoin has gained since Cramer last called for a BTC sell-off.
Counter-Trading Jim Cramer’s Advice On Bitcoin
Back in 2022 when the FTX crypto exchange collapsed and filed for bankruptcy, the Bitcoin price had fallen more than 50% to trade below ,000. This crash took place in November 2022 and a few months later, there was a slight recovery in price and Cramer gave one of his infamous ‘Sell Bitcoin Now’ advice.
As shown in a video of Cramer shared by the parody account @CramerTracker on X (formerly Twitter), the Mad Money show host can be seen advising investors to sell their Bitcoin. At the time, the asset’s price had risen around 4% in one week to ,000 and Cramer believed this was an opportunity to sell. According to him, BTC’s price was being manipulated, and selling into the slight pump was the best thing.
Cramer also asserted that the ‘price manipulation’ has made him no longer believe in the asset. “I would sell my Bitcoin right into this rally,” Cramer said. “Believe me, I had been a believer one time in Bitcoin. Not here. Not now,” the show host further added.
In true Cramer fashion, he would turn out to be wrong less than a year later as Bitcoin’s price would keep going up. In fact, buying Bitcoin at the time when Cramer advised investors to sell proved to be one of the best buying opportunities.
From Cramer’s sell call at ,000 to now, the price has increased by 80%. This means that if an investor had bought 0,000 in BTC when Cramer said sell and held until now, they would have a whopping 0,000 in their portfolio, meaning an ,000 profit in less than one year.
The Inverse Cramer Tracker ETF
Cramer’s propensity for being wrong has brought him notoriety to the point that there is currently a fund dedicated to doing the opposite of what the CNBC host says. The Inverse Cramer Tracker ETF is currently sitting at .07 after hitting an all-time high of , data from MarketWatch shows.
Currently, the ProShares Bitcoin Strategy ETF is the top holding in the fund (5.50%) which currently has around .1 million in net assets. Other prominent investments include PayPal Holdings Inc., AMC Entertainment Holdings Inc., and Dominion Energy Inc., among others.
Interestingly, Cramer changed his stance on Bitcoin in November 2023, just months after his initial prediction. He has gone on to endorse Bitcoin investments and referred to his earlier predictions as ‘premature.’
Jim Cramer Advises Against Using Binance — Says Crypto Exchange Is ‘Way Too Sketchy’
The host of Mad Money, Jim Cramer, has warned investors about using cryptocurrency exchange Binance, stating that the crypto trading platform is “way too sketchy.” Cramer cited former regulator Timothy Massad, who previously served as chairman of the U.S. Commodity Futures Trading Commission (CFTC). The regulatory agency recently took action against Binance and its CEO, Changpeng Zhao (CZ).
Jim Cramer Warns About Binance
The host of CNBC’s Mad Money show, Jim Cramer, cautioned investors about using cryptocurrency exchange Binance on Friday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He tweeted:
After listening to Tim Massad on last night’s show (former head of the CFTC), I would not do business with Binance. Just way too sketchy.
Massad, who served as chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2014-2017, has been an advocate of stronger cryptocurrency regulations for years. Explaining the charges the CFTC filed against Binance and its CEO, Changpeng Zhao (CZ), Massad described that the crypto trading platform engaged in a “systematic effort to cultivate U.S. business.” He added that Binance allegedly helped “U.S. persons get around restrictions” and failed to comply with know-your-customer (KYC) regulations.
Many people on social media are entertained by Cramer’s tweet. Some ridiculed the Mad Money host for frequently making wrong predictions and took his negative comment about Binance as a bullish signal for the crypto exchange. Before the collapse of Silicon Valley Bank and Signature Bank, Cramer recommended investors purchase stocks in the two banks.
This was not the first time Cramer has cautioned against Binance. In December last year, he said he would trust his money more in fantasy sports betting platform Draftkings than he would Binance.
Cramer has also been warning investors about investing in cryptocurrencies. Earlier this month, when the price of BTC soared, the Mad Money host said he would sell his bitcoin “right into this rally.” He firmly believes that crypto prices are being manipulated up. Prior to the BTC rally, he advised investors to get out of the crypto. Cramer also expects the U.S. Securities and Exchange Commission (SEC) to “do a roundup” of uncompliant crypto firms.
Do you agree with Mad Money host Jim Cramer that Binance is “way too sketchy”? Let us know in the comments section below.
Mad Money Jim Cramer on BTC Price Surge: ‘I Would Sell My Bitcoin Right Into This Rally’
The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of major banks and growing public distrust in the banking system and the Federal Reserve. “Bitcoin is a strange animal,” he said, asserting that the price of the cryptocurrency is “being manipulated up.”
Jim Cramer’s Recommendations
The host of CNBC’s Mad Money show, Jim Cramer, says he would sell bitcoin into this rally as the price of BTC jumped following the collapse of several major banks. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
Responding to a caller’s question on Monday’s Mad Money show about whether the “continued distrust” in the banking system and the Federal Reserve has “strengthened the investment case for bitcoin,” Cramer acknowledged that the price of BTC has gone up, but firmly replied:
No … Bitcoin is a strange animal. I will say point-blank, I think it’s being manipulated up … I would sell my bitcoin right into this rally.
“It’s being manipulated the whole time by Sam Bankman-Fried [SBF]. So, please don’t assume therefore that it’s not still being manipulated,” Cramer stressed, referring to the disgraced former CEO of the collapsed crypto exchange FTX.
The Mad Money host added: “Believe me, I had been a believer one time in bitcoin. Not here, not now.”
Many social media users view Cramer’s suggestion to sell bitcoin as a buy signal, citing his history of giving poor advice. There is even an inverse Cramer exchange-traded fund (ETF), which seeks to provide investment results that are the opposite of the results of the investments recommended by Cramer.
Following the collapses of Silicon Valley Bank and Signature Bank, clips of Cramer’s Mad Money show resurfaced on social media showing him advising investors to buy stocks of both banks.
Cramer advised investors to buy Silicon Valley Bank stock last month; the bank was shut down by regulators last Friday. He also recommended Signature Bank‘s stock as a good investment in April last year, almost one year before it was closed down by the New York State Department of Financial Services.
What do you think about the recommendations by Mad Money host Jim Cramer? Let us know in the comments section below.