Jim Cramer, the host of CNBC’s “Mad Money,” has reversed his stance on Bitcoin, advocating for it as it reaches an 18-month high.
This change in opinion comes after a year of Cramer emphatically advising against Bitcoin. Consequently, leaving investors and market watchers to ponder the implications of his newfound bullishness.
Cramer Turns Bullish on BTC
Mad Money’s Jim Cramer, known for his dynamic and often fluctuating views on financial products, stated that he had previously believed “the money had been made” in Bitcoin. However, he now admits this judgment was 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 said.
His renewed support for Bitcoin aligns with the cryptocurrency’s recent surge. BTC soared above $38,000 for the first time in a year and a half, marking a 10% increase last month. Similarly, Ethereum has experienced a 17% spike, reaching its own 18-month peak.
Read more: How To Buy Bitcoin (BTC) and Everything You Need To Know
The crypto and finance communities, often critical of Cramer’s shifting opinions, have raised eyebrows at this latest turn. Some investors humorously suggest that taking a stance opposite to Cramer’s advice could be a wise financial move.
This sentiment even led to proposals for “Inverse Cramer ETFs” to the SEC, which based investments contrary to Cramer’s guidance. With Cramer’s renewed confidence in Bitcoin, some social media voices in the cr
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Author: Bary Rahma
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