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Jim Cramer admits he was wrong about Bitcoin — ‘I was premature’

“I made a lot of money,” said Cramer who cleared a profit on Bitcoin despite urging investors to sell the cryptocurrency.

Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. 

In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin miner CleanSpark, saying that anyone who likes Bitcoin should increase their exposure to it.

“Look, if you like Bitcoin, buy Bitcoin. That has always been my view. And for a while, I liked it, and I decided that money had been made, but I was premature.”

Cramer added that despite not having made perfect calls on Bitcoin previously, he’d still “made a lot of money” from his investment in it.

On Dec. 5, 2022 — when Bitcoin was trading for $17,150 — Cramer urged investors to sell all their crypto investments no matter the cost, saying it was “never too late to sell an awful position.” The price of Bitcoin has rallied 118% since, with BTC currently changing hands for $37,390. 

Cramers’ predictions, along with his on-again-off-again love-hate relationship with crypto, have become a popular meme throughout investing communities over the past few years, with many pointing out his uncanny ability to make incorrect calls at key moments.

Related: Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildly

In August 2022, a crypto trader claimed to have doubled the size of his portfolio simply by trading in the opposite direction to what Cramer recommended.

Two months later, on Oct. 6, an investment fund filed for an “inverse Cramer ETF” — a financial instrument designed to return results on trades “that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer.”

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BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Jim Cramer Advises Against Using Binance — Says Crypto Exchange Is ‘Way Too Sketchy’

Jim Cramer Advises Against Using Binance — Says Crypto Exchange Is ‘Way Too Sketchy’The host of Mad Money, Jim Cramer, has warned investors about using cryptocurrency exchange Binance, stating that the crypto trading platform is “way too sketchy.” Cramer cited former regulator Timothy Massad, who previously served as chairman of the U.S. Commodity Futures Trading Commission (CFTC). The regulatory agency recently took action against Binance and its CEO, […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Jim Cramer Says Avoid Crypto, Stick With Gold for ‘Real Hedge’ Against Inflation and Economic Chaos

Jim Cramer Says Avoid Crypto, Stick With Gold for ‘Real Hedge’ Against Inflation and Economic ChaosThe host of Mad Money, Jim Cramer, has advised investors to avoid crypto and stick with gold if they “seriously want a real hedge against inflation or economic chaos.” He added that bitcoin is too volatile to use as a currency. “Imagine business owners trying to conduct transactions with shares of Facebook or Google … […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Jim Cramer Thanks SEC Chairman for Standing up to ‘Crypto Bullies’ Seeking Spot Bitcoin ETF Approval

Jim Cramer Thanks SEC Chairman for Standing up to ‘Crypto Bullies’ Seeking Spot Bitcoin ETF ApprovalThe host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down on uncompliant crypto firms, urging investors to get out of […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’

Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’The host of Mad Money, Jim Cramer, says he would not touch crypto in a million years. He called investors who own various altcoins idiots and urged the U.S. Securities and Exchange Commission (SEC) to do “a big sweep” on the crypto industry. Jim Cramer’s Crypto Warnings The host of CNBC’s Mad Money show, Jim […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Mad Money’s Jim Cramer Advises Investors to Get out of Crypto — Says ‘It’s Never Too Late to Sell’

Mad Money’s Jim Cramer Advises Investors to Get out of Crypto — Says ‘It’s Never Too Late to Sell’The host of Mad Money, Jim Cramer, has advised investors to sell their crypto, emphasizing that “it’s never too late to sell an awful position.” Regarding FTX, Cramer predicted that the collapsed trading platform “won’t be the last of these crypto exchanges to go down.” Jim Cramer’s Latest Crypto Advice The host of CNBC’s Mad […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Mad Money’s Jim Cramer Recommends Avoiding Crypto, Other Speculative Investments

Mad Money’s Jim Cramer Recommends Avoiding Crypto, Other Speculative InvestmentsThe host of Mad Money, Jim Cramer, has advised investors to avoid cryptocurrency and other speculative investments. “Don’t get memed. Don’t get SPAC’d. Don’t get crypto’d,” Cramer stressed, warning of “a giant washout of all things that are speculative.” Jim Cramer Advises Investors to Avoid Crypto The host of CNBC’s Mad Money show, Jim Cramer, […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Mad Money’s Jim Cramer Offers Advice on Cryptocurrency Investing

Mad Money’s Jim Cramer Offers Advice on Cryptocurrency InvestingThe host of Mad Money, Jim Cramer, has some advice for cryptocurrency investors. “I would never discourage you from buying crypto,” he said, adding that he himself owns ethereum. Jim Cramer’s Advice on Crypto Investing Jim Cramer, the host of Mad Money, gave some advice regarding cryptocurrency investing on CNBC Make It Wednesday. Cramer is […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Mad Money’s Jim Cramer Invests in Crypto Because ‘There Could Be Millions of Greater Fools Out There’

Mad Money’s Jim Cramer Invests in Crypto Because ‘There Could Be Millions of Greater Fools Out There’The host of Mad Money, Jim Cramer, has some advice for crypto investors. “As long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it,” he said. Cramer added that he is holding ether because he believes […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract

Mad Money Jim Cramer ‘Begs’ Crypto Investors to Take Profits — Says ‘I Don’t Want You to Lose Money’

Mad Money Jim Cramer ‘Begs’ Crypto Investors to Take Profits — Says ‘I Don’t Want You to Lose Money’The host of Mad Money, Jim Cramer, is begging crypto investors to take profits on any crypto gains in their portfolios. “I’m begging you to. Don’t let it become a loss,” he said, emphasizing, “I don’t want you to lose money.” Mad Money’s Jim Cramer Advises Investors to Take Profits on Crypto Gains The host […]

BlackRock’s BUIDL fund now transferable via Circle’s USDC contract