Jim Cramer Says ‘Own Bitcoin, That’s A Winner,’ Crypto Community Scoffs: ‘Pack Up Your Bags, Sell Everything’
Posted On November 22, 2024
CNBC’s Jim Cramer, host of Mad Money and frequent source of contrarian market indicators, recently voiced his support for Bitcoin (CRYPTO: BTC) during his “Lightning Round,” causing a stir among crypto enthusiasts.
What Happened: During the segment, Cramer recommended a trader invest in Bitcoin rather than MicroStrategy (NASDAQ:MSTR), the software company heavily invested in Bitcoin.
“I prefer actually to own Bitcoin,” he stated, calling it a “clear winner.”
Crypto Twitter Reacts
For those unfamiliar, the “Inverse Cramer” phenomenon hinges on the belief that doing the opposite of what Cramer recommends yields a profit.
The crypto …
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