Legendary Mad Money host Jim Cramer encouraged his viewers to sell MicroStrategy stocks and purchase Bitcoin on January 27, 2025. Will Bitcoin fail? Is that so? If you haven’t heard of Jim Cramer before, you may wonder why his investment predictions get so much attention online yet aren’t considered. In summary, Cramer’s projections were entirely inaccurate. He is famous for making market predictions that completely contradict subsequent events, and his reputation for this is both excellent and meme-rich.
Who is Jim Cramer?
Find out why Jim Cramer now believes Bitcoin is peaking. Bitcoin price trend watchers know that anticipating a crash 18 months after the halving is insane. To ignore prior facts and predict Bitcoin’s demise months before halving required. However, Cramer did it again and made his bets seem random.
He said “Bitcoin is here to stay” days before the “topping out” prediction, which is funny. True legend. Other mistakes include investing in Silicon Valley Bank weeks before its collapse, the Nvidia wrongs fiasco (see tweet above), and calling to dump Netflix and Hewlett Packard months before their stocks doubled.
As a response to a viewer’s request, Cramer stated, “If you wanna own Bitcoin, own Bitcoin” on January 27, 2025. It would be wise for you to possess Bitcoin, as I do. BTC dip soon is an excellent addition. Crypto investors are worried that Cramer’s glowing review of Bitcoin could signal the cryptocurrency’s impending demise. Conversely, MicroStrategy bulls have reason to be optimistic due to Cramer’s dislike of MSTR; after all, if Cramer is mistaken once again, MSTR is going to skyrocket.
Inverse Jim Cramer ETF
The fact that Cramer quickly became famous as an “inverse indicator”—that is, to listen to Cramer but do the exact opposite of what he says—is hardly surprising. You should sell Jim’s stocks if he is optimistic on them. You know it’s time to acquire an asset when he writes it off as unimportant.
The X account Inverse Cramer, which posted tweets about Cramer’s recommendations, garnered more than 320,000 followers, even though this attitude was all in jest. An even more astounding development occurred in 2022 when the infamous Inverse Jim Cramer ETF, which included equities that Jim had doubts about, was launched by Tuttle Capital Management.
The ETF has been receiving frequent updates as Cramer has been delivering an increasing number of stock recommendations, occasionally changing his mind about certain trades. Wow, it was just astonishing. Although the Long Cramer Tracker ETF, which really followed Cramer’s advice, lasted for almost a year after its inception, the Inverse Jim Cramer ETF was closed approximately one year later.
Tuttle claims that the extremely low value of the assets under management (around $2 million) and the difficulty in changing. BTC dip soon, the contents of the “inverse Jim” ETF led to its closure.
Jim Cramer: A Misunderstood Market Veteran
Jokes aside, Cramer is a seasoned professional with a degree from Harvard and a Goldman Sachs background. It is the format of Mad Money that makes him look strange and funny because he has to pick too many stocks every week and comment on the stocks requested by the people who call CNBC to ask Cramer’s opinion. Like many professionals, Cramer can be wrong, and that’s alright. One of the proofs of Cramer’s decency is the fact that the Inverse Jim Cramer ETF did pretty badly.
It existed for too little time to judge, but during the lifetime of this ETF, its result was actually negative. At the end of its existence, it was 15% down against the 25% S&P 500 gain for the same period. It explains well why the crypto community responds to Cramer’s praise. Bitcoin with a relaxed attitude, posting memes about the impending Bitcoin crash without taking this probability seriously.
Summary
Jim Cramer is a hedge fund investor turned TV host. Mad Money host Cramer writes for TheStreet.com, which he co-founded. He is known for his emotive hosting and confident stock recommendations on TV, X, and elsewhere. As indicated above, he was optimistic on weak investments and cautious of strong ones. Jim was a bad market forecaster a year before urging people to buy Bitcoin. BTC dip soon, He stated Bitcoin is “topping out” around January 2024. Bitcoin doubled in value a year later.
