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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?”