‘I Have Owned and Backed Crypto’ Since Very Early Times: Jim Cramer

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As an analyst with over two decades of experience in the financial markets, I have witnessed the evolution of various trends and technologies. My perspective on Jim Cramer’s recent tweet about Bitcoin is shaped by this extensive background.

Jim Cramer, a well-known host on CNBC’s Mad Money program, has sparked conversation within the Bitcoin community through his latest tweet expressing his views on cryptocurrency.

Jim Cramer, the unconventional CNBC host, surprisingly shared a positive Bitcoin tweet, sparking a response within the crypto community – even catching Elon Musk’s attention. However, it’s notable that Cramer often causes market reactions that go against his stated views.

Musk reacted to a tweet by the DogeDesigner user who published Cramer’s tweet which stated that “Bitcoin is a winner” and a Bitcoin chart where BTC is going down sharply. Over the past 24 hours, the largest cryptocurrency has lost approximately 7% and dropped from $98,660 to the $91,840 zone. At the time of this writing, BTC is changing hands at $93,115 after staging a small recovery.

This time, Cramer expressed on his account that he has been an investor and supporter of cryptocurrency since the establishment of his financial media platform “The Street,” which occurred in 1996. In response to a previous message where he suggested selling crypto, the CNBC anchor reiterated this point.

It’s consistently amusing to me when I come across the phrase “it’s time to sell crypto,” considering I’ve been a crypto owner and supporter since those early days. Haven’t we all been there before?

— Jim Cramer (@jimcramer) November 26, 2024

Earlier today, Cramer posted on Twitter that “the market might become excessively bought.” In response, the cryptocurrency community urged him to avoid discussing Bitcoin unless he’s prepared to suggest it will drop, as such comments could cause a reversal in its price movement.

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2024-11-26 18:30