Jim Cramer Shifts to Bullish Outlook for Bitcoin – Will the Inverse Cramer Curse Still Play Out?

Last updated:
Freelance Journalist
Freelance Journalist
Andrew Throuvalas
About Author

Andrew is a journalist and content writer with a passion for Bitcoin. His work has been featured with Cryptonews, Decrypt, CryptoPotato, and Bitcoin Magazine, among others.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Jim Cramer. Source: CNBC

Jim Cramer – the eccentric host of CNBC’s finance show “Mad Money” – has flipped bullish on Bitcoin (BTC), signaling to some investors that it might be time to sell. 

The famous commentator has spent the past 12 months urging investors to steer clear of crypto markets, despite Bitcoin (BTC)’s phenomenal performance during that time. Now in his latest reversal, he says his attitude on the asset may have been too bearish, too early.

“For a while I liked it, then I decided: You know what? The money had been made,” Cramer said about Bitcoin during a Mad Money segment on Wednesday. “But I was premature.”

“If you like Bitcoin, buy Bitcoin – that has always been my view,” Cramer added. “When you make a lot of money, let’s not look back.”

Yet Cramer’s tone on crypto has varied wildly over the past two years. Following FTX’s collapse last November, Cramer claimed he would not “touch crypto in a million years.” Three months prior, he warned that the Federal Reserve would soon crash, and told his audience not to “get crypto’d.” 

Yet in the spring of 2021, Cramer had admitted to investing in BTC before taking profits later to pay off his mortgage. At the time, while BTC traded for above $60,000, he’d even suggested being paid in crypto.

Whatever his opinion may be, Cramer is infamous for his often terrible market timing. Last December, for example, Cramer told crypto investors that it’s “never too late to sell an awful position” while BTC traded for less than half the price it is today.

Last year, many even applied to launch “Inverse Cramer ETFs” with the SEC, designed specifically to invest in funds that Cramer told investors to avoid. 

Reason to be Bullish

Cramer’s Wednesday comments were in response to a listener’s question about Cleanspark (CLSK) stock, one of over a dozen publicly traded Bitcoin miners that’s rocketed beside BTC this year.

Up 177% year to date, companies like Cleanspark are often bought as a leverage play on BTC, or as a near equivalent for investment managers that can’t get direct access to BTC itself. Miners and other BTC-adjacent firms like Coinbase (COIN) and MicroStrategy (MSTR) are outperforming BTC itself. 

Going forward, investors have reason to be bullish on all such investments. Not only is the fated Bitcoin “halving” due in roughly 6 months, but a highly anticipated spot Bitcoin ETF may be approved well before that, inviting previously locked institutional capital into the industry. 

Of course, Cramer going bullish on BTC is hardly a good omen – and some it spells the currency’s impending doom.

https://twitter.com/CramerTracker/status/1728515532931174492

More Articles

Price Analysis
$TRUMP Pumping Over 20% This Week: Presidential Memecoin Back for Good?
Arslan Butt
Arslan Butt
2025-02-15 15:26:50
Price Analysis
Study Predicts Bitcoin Surge to $1M by Early 2027: Is That Possible?
Arslan Butt
Arslan Butt
2025-02-15 14:45:43
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors