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Mad Money’s Jim Cramer Backtracks, Endorses Buying And Investing In Bitcoin

Press Releases Crypto News Bitcoinist Mad Money’s Jim Cramer Backtracks, Endorses Buying And Investing In Bitcoin

Mad Money host, Jim Cramer has backed down from his initial skepticism about Bitcoin investments, now encouraging people to buy and invest in BTC.

Cramer Advocates Bitcoin Investments

Jim Cramer, a TV host for the American investment advice show, Mad Money has shocked the crypto community with his sudden endorsement of Bitcoin.

Earlier in December 2022, when BTC was trading above $17,000 Cramer had urged investors to sell off all their Bitcoin assets. The investment advisor had encouraged investors to steer clear of the cryptocurrency, citing that it was never too late to sell an awful position.

Now in his recent investment advice show published on YouTube on Thursday, Jim Cramer has reversed his earlier perceptions of the cryptocurrency.

When an investor inquired about whether to buy or sell Bitcoin, Cramer promptly responded by encouraging investors to purchase BTC. He stated that he had made a lot of money from investing in BiBTCtcoin, labeling his previous negative assessment of the cryptocurrency as “premature.”

“Look, if you like Bitcoin, buy Bitcoin. That has always been my view. And for a while, I liked it, and I decided that money had been made, but I was premature,” Cramer stated.

Cramer’s change of heart regarding BTC could be attributed to the rising value of the cryptocurrency. From the time he advised against Bitcoin in 2022, till the present, BTC value has grown considerably. Many investors have made staggering profits from investments in the cryptocurrency. Similarly, there have also been many losses due to market volatility.

Nevertheless, Cramer’s changed perspective on BTC could mean the investment advisor sees more potential

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Author: Scott Matherson

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