Bitcoin started January 2023 rally just after Jim Cramer said: sell it

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Last Updated on 6 November 2023 by CryptoTips.eu

Things will probably never work out between Jim Cramer and crypto fans on social media. Cramer, the eccentric host of Mad Money on CNBC, was still a very big Bitcoin fan in 2021 and even made a lot of money by investing in it.

After the Terra Luna scandal, followed by the FTX implosion in 2022 and Bitcoin plummeting from $50,000 to $15,000, Cramer turned negative and started to become a real Bitcoin basher.

Last December, he said that Bitcoin would go to 0, that Tether was a “bubble,” and that several crypto companies were similar to the DotCom companies of the 2000s.

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Zerohedge

Around that time, a movement started on Reddit to do exactly the opposite of what Jim Cramer advised, as the man had a bad 2022 in terms of investment advice.

Several tech companies that he found very interesting to invest in went under and Cramer did not fail to attack crypto companies during his programs.

The inverse-Cramer ETF was created, in which investors automatically made purchases that were the opposite of what the CNBC reporter recommended.

Zerohedge, the legendary rebel journalist who gained worldwide fame during the Trump years, pointed out last week how bad Cramer is doing at the moment. He showed a graph of the Bitcoin price, and how the January rally started…. the same day Cramer told everyone to sell.

CNBC has not yet responded. Last Friday, January 20, Cramer reiterated during his program that you should sell all your Bitcoin as soon as possible.

Crypto Twitter was amused to say the least.

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