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Bitcoin’s Hot Streak Abruptly Ends After Jim Cramer Calls It a ‘Marvel’

Bitcoin’s Hot Streak Abruptly Ends After Jim Cramer Calls It a ‘Marvel’

10 months ago
Anonymous $oNW8tt9dEO

https://www.vice.com/en_us/article/93kmme/bitcoin-price-jim-cramer-etf

There’s an oft-repeated mantra in online investing circles: Do the opposite of whatever Jim “Mad Money” Cramer says. The TV stock market pundit has such a poor track record that there’s even a real investment fund called Inverse Cramer. 

So, when Cramer backpedaled on years of putting down Bitcoin on Tuesday morning by calling it a “technological marvel” that’s “here to stay” amid a hot streak that saw the price of 1 BTC rise to $45,000, investors saw a fall on the horizon. Here is a sample of comments left under Bitcoin Magazine’s X post containing a clip of Cramer’s statement: “Oh no,” “Great, btc going to 0,” “It’s over boys,” “FUCCKKKKKKKKKKK.” Early on Wednesday morning, I received a newsletter in my inbox from popular crypto price tracking site CoinMarketCap with the subject line, “Cramer Changes Stance on Bitcoin—Time To Sell?”

Bitcoin’s Hot Streak Abruptly Ends After Jim Cramer Calls It a ‘Marvel’

Wed Jan 3, 5:38pm UTC
https://www.vice.com/en_us/article/93kmme/bitcoin-price-jim-cramer-etf > There’s an oft-repeated mantra in online investing circles: Do the opposite of whatever Jim “Mad Money” Cramer says. The TV stock market pundit has such a poor track record that there’s even a real investment fund called Inverse Cramer.  > So, when Cramer backpedaled on years of putting down Bitcoin on Tuesday morning by calling it a “technological marvel” that’s “here to stay” amid a hot streak that saw the price of 1 BTC rise to $45,000, investors saw a fall on the horizon. Here is a sample of comments left under Bitcoin Magazine’s X post containing a clip of Cramer’s statement: “Oh no,” “Great, btc going to 0,” “It’s over boys,” “FUCCKKKKKKKKKKK.” Early on Wednesday morning, I received a newsletter in my inbox from popular crypto price tracking site CoinMarketCap with the subject line, “Cramer Changes Stance on Bitcoin—Time To Sell?”