Jim Cramer Urges Bitcoin Investment on CNBC’s Mad Money
In the most recent episode of CNBC’s Mad Money on Monday night, former hedge fund manager Jim Cramer advocated for buying bitcoin (BTC), but not its biggest public holder, MicroStrategy. In response to a caller during the episode, Cramer stated, “If you want to own bitcoin, (you) own bitcoin.”
I own bitcoin, you should own bitcoin. Bitcoin is a great thing to have in your portfolio. But not MicroStrategy,
Cramer
MicroStrategy Dominates Bitcoin Holdings as ‘Inverse Cramer’ Sparks Market Buzz
With more than 417,107 Bitcoin in its treasury as of Monday, which is worth over $48 billion at current prices, MicroStrategy is the largest owner of the asset in the world. However, in the upcoming weeks, there might be cause for optimism among Bitcoin bears and MicroStrategy bulls. Cramer is frequently seen as a signal traditionally connected to inverse bets, and his selections frequently have a tendency to move in the opposite way over the long run.
In 2022, a short-lived Inverse Cramer ETF was even generated by a hilarious internet theory known as “Inverse Cramer”, before shutting down in early 2024. Cramer calls for an exit from Bitcoin, noting that it likely peaked in January 2024. Since then, the asset has increased by almost 100%.
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