Television host Jim Cramer is known for his outlandish takes on the stock market and his often back-and-forth recommendations that can quickly change day to day and week to week. Cramer has also provided the same back-and-forth recommendations on the cryptocurrency sector in recent years.
Here’s a look back at one of Cramer’s warning calls against cryptocurrency in 2022 and how you could’ve profited betting against him.
What Happened: Throughout 2024, Cramer has provided mostly bullish commentary on major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), suggesting there is room in portfolios for crypto exposure.
The bullishness is likely helped by the approval of Bitcoin ETFs in 2024 and the new White House administration creating optimism for Bitcoin and cryptocurrency overall going forward.
Cramer was one of many television personalities who dunked on cryptocurrency as the sector struggled with a series of bankruptcies and very public negative catalysts like the collapse of FTX and arrest of Sam Bankman-Fried.
On Dec. 23, 2022, CNBC host Cramer once again criticized the cryptocurrency market and gave a warning to anyone who was investing in the sector. The comments came as it was announced that FTX co-founder Sam Bankman-Fried had been released from jail on $250 million bail.
Cramer said the SEC should be more involved in the …Full story available on Benzinga.com
If You Invested $1,000 In Bitcoin (And Other Crypto) When Jim Cramer Said Anyone Holding Was ‘An Idiot’, Here’s How Much You’d Have Now
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