Cardano Founder Mocks Solana’s Meeting With Jim Cramer as “Inverse Effect” Debate Resurfaces Coinpaper
Source link ]]>
CNBC’s Jim Cramer has endorsed Bitcoin as a hedge against rising U.S. debt. Prediction markets see national debt surging past $38 trillion. Charts show Bitcoin responding to deficit headlines, legislation like Trump’s “Big Beautiful Bill,” and a weakening dollar. Elon Musk has echoed the sentiment, calling the U.S. dollar “hopeless.” Deaton criticizes Cramer’s reversal from
The post Jim Cramer Advises Buying Bitcoin As Hedge against $37T U.S. National Debt appeared first on CoinGape.
]]>Investor fears spiked again after Moody’s downgraded the U.S. government’s debt rating, but CNBC’s Jim Cramer advised a different response. He urged investors to manage their emotions rather than panic, suggesting that digital assets like Bitcoin could serve as a protective option in uncertain times. Jim Cramer Warns Against Fear-Driven Selling Jim Cramer, host of CNBC’s Mad Money, addressed investors on Monday following Moody’s decision to downgrade the U.S. debt rating. The announcement, made after market close on Friday, triggered a volatile start to the week. Markets opened lower, with the Dow Jones falling by 300 points and the S&P 500 slipping by 1% in early trading. Despite the initial drop, markets recovered during the session. The Dow closed up 0.32%, the Nasdaq rose 0.02%, and the S&P 500 gained 0.09%. Jim Cramer urged investors to resist fear, calling it a repeated pattern following previous downgrades, such as those by… Read More at Coingape.com
The post Jim Cramer Calls Bitcoin a Safe Haven Amid Growing US Debt Concerns appeared first on CoinGape.
]]>CNBC’s Mad Money host Jim Cramer raised concerns in the crypto community with a bullish statement on Bitcoin after Nvidia. Known for inverse effect, Cramer predicted a breakout in Nvidia stock but it actually tanked 17% on Monday. This has attracted the attention of Tesla CEO Elon Musk while also triggering speculation about Bitcoin prices. Nevertheless, sentiments across the crypto market are bullish with BTC reflecting recovery over the past 24 hours.
Crypto Community Debate Over Inverse Jim Cramer on Bitcoin
Jim Cramer, a former hedge fund manager, called Bitcoin a ‘great thing to have’ in a portfolio, adding that people should own BTC. The community is dubious about his statement because his previous statements have turned out to be the opposite.
JUST NOW – JIM CRAMER: “you should own Bitcoin, Bitcoin is a great thing to have in your portfolio”
oh no pic.twitter.com/m6IdAssu2G
— Inverse Cramer (@CramerTracker) January 28, 2025
Recently, Cramer said that Nvidia shares ‘could be breaking out.’ However, Nvidia shares plunged by around 17% on Monday. Interestingly, Elon Musk responded to the recent Inverse Cramer effect on Nvidia, saying “No kidding.”
This time, Jim Cramer’s statement is on Bitcoin and the community is on the lookout as the opposite could happen again. Arthur Hayes, for one, has already predicted a mini-financial crisis where Bitcoin prices could fall to $70,000 before marking a mega rally.
Bullish Sentiments Around Bitcoin
Bitcoin has bullish sentiments despite the recent market crash. MicroStrategy has acquired 10,107 BTC tokens to take the total holdings to 471,107 for approximately $30.4 billion. Michael Saylor’s MicroStrategy has already achieved a BTC yield of 2.90% YTD, triggering anticipation that a broader recovery is on the horizon.
Bitwise CIO Matt Hougan has also hinted that Bitcoin and Ethereum recovery would eventually happen. He signaled that Bitcoin had historically bounced back with higher returns after every decline and in the long run. Also, the Power Law Model has predicted that Bitcoin could end 2025 within the range of $170k and $200k.
Bitcoin Price Rise
Bitcoin price is up by 3.34% over the past 24 hours, exchanging hands at $102,747.94, which is also up by 1.24% in the last 7 days and 8.21% in the last 30 days. Moreover, trading volume has increased by 89.28% to $77.41 billion in the last 24 hours.
Bitcoin prices were down a day before after DeepSeek’s new model made waves across the AI Industry. But, it is speculated that the DeepSeek saga could be a win for IBIT and Trump’s Bitcoin push. It has been called a ‘Sputnik moment’ for the US and MacroScope has stated that the trend could benefit to push for Bitcoin strategy wherein the US makes it a national priority. This is further backed by Bitcoin advocate James Lavish as he has said that people selling Bitcoin have no idea what they have right now.
That said, it is recommended to conduct research and risk assessment before investing in Bitcoin, or any other cryptocurrency. The market is highly volatile and even statements like the one from Jim Cramer about Bitcoin can instantly bring a shift in portfolios.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
XRP Listed by Major Japanese Exchange, Shiba Inu Whale Activity Skyrockets 171%, Jim Cramer Provides Explanation for Crypto Market Bloodbath: Crypto News Digest by U.Today U.Today
Source link ]]>
Jim Cramer, the popular host of ‘Mad Money’ on CNBC, has recently grabbed attention for his skeptical remarks on the future of Bitcoin (BTC). He has doubled down on his claims in his latest post on X. Moreover, he is now promoting a ‘Number Go Down’ theme, citing Bitcoin’s massive declines.
Jim Cramer Passes Comments On Bitcoin’s Downfall
On Tuesday, January 23, Jim Cramer took to X and highlighted how Bitcoin dropped 20% from its high of $48,969 attained after Spot ETF approval. In addition, he noted that BTC is poised for a “strong stand,” however, there’s more to it. The ‘Mad Money’ host added that even if BTC recovers, it wouldn’t be able to hold it due to lack of inflows.
He wrote, “Now that Bitcoin’s down about 20% from its high i expect a strong stand to be made but it won’t hold because not enough money is coming in. New theme: Number Go Down.” Earlier, on Monday, Cramer had expressed further criticism regarding BTC’s future. The host wrote, “Unlikely that Bitcoin finds its footing.”
However, industry experts expect that such comments from Cramer would eventually propel the Bitcoin price up. Rufas Kumau, Senior Contributor at Forbes, quoted Cramer’s tweet and expressed optimism. Embracing the Inverse Cramer hashtag, Kumau wrote, “You know what it is.. we going back up.”
Also Read: Jim Cramer Doubts Bitcoin Recovery After ETF Introduction
BTC Price Falls Below $39,000
The world’s oldest crypto has been grappling with a bearish trend lately. The Bitcoin price extended below $39,000 in today’s session, signaling an enormous loss of 20% considering ETF week’s high of $48,969. At press time, BTC was valued at $38,919.42 on Tuesday, down by 4.39%.
The crypto displayed a market cap of $762.87 billion, suggesting a 4.51% drop. In contrast, Bitcoin’s trading volume surged by 82.63% to $31.10 billion. Owing to the substantial pullback, BTC slumped to a low of $38,839.95 on Tuesday from a high of $41,169.30.
Whilst, Ali Martinez, a popular crypto analyst, suggested that Bitcoin price could even plunge below $33,000, citing historical trends. He stated, “Reflecting on the last two bull cycles, $BTC typically retraced to the 50% Fibonacci level after hitting the 78.6% Fib.”
The analyst added that recently Bitcoin hit the 78.6% Fibonacci level again. Hence, he expects a correction to the 50% Fibonacci level if the historical pattern holds. Furthermore, he stated that it could push the BTC value to as low as $32,700, hinting at a 16% dip from the current price.
Also Read: Mt Gox’s Huge Bitcoin Unlock To Hit Market, BTC Price To Crash?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Counter-trading CNBC’s Jim Cramer has gone from being a meme to something that Bitcoin investors have begun to take seriously. As the inverse of what Cramer says has usually been the case, taking a stand in the opposite direction has proved positive for some investors. Once more, Cramer has shared his thoughts on where the BTC price is headed, so is it time to buy or sell?
Jim Cramer Calls The Bitcoin Top
In a new episode, the Mad Money host, a show hosted on the CNBC Network, called out a possible top for Bitcoin. Now, the price of BTC has been steadily rising this week, which saw the price eventually rise above $47,000 for the first time in almost two years.
Following this brief surge, Cramer took to the show to reveal that he thinks the price of the asset has reached a possible top. However, instead of the usual one-sided argument, Cramer would go on to tell investors to buy BTC if they want. So while the former hedge fund manager did call for Bitcoin to top out, he is not advising investors to not buy the cryptocurrency.
“Let’s stop fooling around,” Cramer states. “You want Bitcoin, buy Bitcoin. I think Bitcoin is topping out, by the way. So I’m going to say enough is enough.” This statement tends to play on both sides of the coin for now, no longer discouraging investors from buying the asset.
BTC shows strength ahead of SEC decision | Source: BTCUSD on Tradingview.com
BTC Goes The Opposite Way Of Cramer
Going through the path of counter-trading Jim Cramer would actually see investors buying Bitcoin at this time. If the same inverse correlation holds, then the Bitcoin price could be rocketing up from here once more.
This school of thought did not just emerge out of nowhere as even as recently as last week, the act of counter-trading Cramer seems to remain a profitable venture. Last week, Cramer had taken to his Mad Money show to praise Bitcoin after being previously bearish. Cramer explained that Bitcoin cannot be killed, saying BTC was “here to stay” and the likes of Charlie Munger were blind to it.
However, in true Cramer fashion, the price of Bitcoin would tank not long after, crashing from above $45,000 to below $42,000 on January 3. This is also not limited to crypto as there was an ETF dedicated to investing in the opposite direction of Cramer’s stock picks, although that ETF was closed in 2023.
Nevertheless, as news of Cramer’s new stance hits the headlines, it’ll be interesting to see where the BTC price goes from here. If it follows previous trends, then the BTC price could be headed toward a price crash once again.
Featured image from Siam Blockchain, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Bitcoin, Ethereum, Dogecoin Trade Mixed Amid High-Praise For King Crypto From Jim Cramer: Analyst Says ‘We Will … Benzinga
Source link ]]>
Bitcoin, Ethereum, Dogecoin Trade Mixed Amid High-Praise For King Crypto From Jim Cramer: Analyst Says ‘W Benzinga
Source link ]]>
Jim Cramer, the host of CNBC’s Mad Money show, has come to be known in Bitcoin circles for his constantly wrong predictions about the asset. Cramer has, at various points, called for investors to sell their Bitcoin but with the crypto’s price continuing to go up after his calls, here’s how much Bitcoin has gained since Cramer last called for a BTC sell-off.
Counter-Trading Jim Cramer’s Advice On Bitcoin
Back in 2022 when the FTX crypto exchange collapsed and filed for bankruptcy, the Bitcoin price had fallen more than 50% to trade below $15,000. This crash took place in November 2022 and a few months later, there was a slight recovery in price and Cramer gave one of his infamous ‘Sell Bitcoin Now’ advice.
As shown in a video of Cramer shared by the parody account @CramerTracker on X (formerly Twitter), the Mad Money show host can be seen advising investors to sell their Bitcoin. At the time, the asset’s price had risen around 4% in one week to $24,000 and Cramer believed this was an opportunity to sell. According to him, BTC’s price was being manipulated, and selling into the slight pump was the best thing.
Cramer also asserted that the ‘price manipulation’ has made him no longer believe in the asset. “I would sell my Bitcoin right into this rally,” Cramer said. “Believe me, I had been a believer one time in Bitcoin. Not here. Not now,” the show host further added.
In true Cramer fashion, he would turn out to be wrong less than a year later as Bitcoin’s price would keep going up. In fact, buying Bitcoin at the time when Cramer advised investors to sell proved to be one of the best buying opportunities.
From Cramer’s sell call at $24,000 to now, the price has increased by 80%. This means that if an investor had bought $100,000 in BTC when Cramer said sell and held until now, they would have a whopping $180,000 in their portfolio, meaning an $80,000 profit in less than one year.
BTC price over 80% higher than Cramer's sell call | Source: BTCUSD on Tradingview.com
The Inverse Cramer Tracker ETF
Cramer’s propensity for being wrong has brought him notoriety to the point that there is currently a fund dedicated to doing the opposite of what the CNBC host says. The Inverse Cramer Tracker ETF is currently sitting at $22.07 after hitting an all-time high of $26, data from MarketWatch shows.
Currently, the ProShares Bitcoin Strategy ETF is the top holding in the fund (5.50%) which currently has around $3.1 million in net assets. Other prominent investments include PayPal Holdings Inc., AMC Entertainment Holdings Inc., and Dominion Energy Inc., among others.
Interestingly, Cramer changed his stance on Bitcoin in November 2023, just months after his initial prediction. He has gone on to endorse Bitcoin investments and referred to his earlier predictions as ‘premature.’
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
✓ Share: