bitcoin/” rel=”nofollow”>Jim Cramer, host of CNBC's Mad Money, has become known in bitcoin circles for his consistently wrong predictions about the asset. Cramer, at various points, has called on investors to sell their bitcoin, but as the price of the cryptocurrency continues to rise following his calls, this is how much bitcoin has gained since the last time Cramer called for a btc sell-off.
Jim Cramer's bitcoin Advice
In 2022, when the FTX crypto exchange collapsed and filed for bankruptcy, the bitcoin-plunges-42000-miners-sell-another-1000-btc/” rel=”nofollow”>bitcoin price had fallen more than 50% to trade below $15,000. This drop took place in November 2022 and a few months later, there was a slight recovery in the price and Cramer gave one of the infamous tips of his “Sell bitcoin Now”.
As shown in a video In an image of Cramer shared by the parody account @CramerTracker on X (formerly Twitter), the Mad Money host can be seen advising investors to sell their bitcoin. At the time, the asset's price had risen about 4% in a week to $24,000 and Cramer believed it was an opportunity to sell. According to, bitcoin-up-forecast-expert-signals-market-triumph/” rel=”nofollow”>btc price was being manipulated, and selling with a slight pump was best.
Cramer also claimed that “price manipulation” has caused him to no longer believe in the asset. “I would sell my bitcoin right on this rally,” Cramer said. “Believe me, I once believed in bitcoin. Not here. Not now,” added the program host.
In true Cramer style, he would prove wrong less than a year later, when bitcoin-bears-strike-333-crypto-longs-squeezed/” rel=”nofollow”>The price of bitcoin would continue to rise. In fact, buying bitcoin at the time Cramer recommended investors sell turned out to be one of the best buying opportunities.
From Cramer's sell call at $24,000 until now, the price has increased by 80%. This means that if an investor had bought $100,000 worth of btc when Cramer said sell and hold so far, he would have a whopping $180,000 in his portfolio, meaning a profit of $80,000 in less than a year.
<img decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/lxCm9mSb/" alt="bitcoin Price Chart from Tradingview.com (Jim Cramer)” width=”3266″ height=”1530″ loading=”lazy”/>
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 given him notoriety to the point that there is now a fund dedicated to doing the opposite of what the CNBC host says. The Inverse Cramer Tracker ETF currently sits at $22.07 after hitting an all-time high of $26. data of MarketWatch programs.
Currently, the ethereum-etf-crypto-bear/” rel=”nofollow”>ProShares bitcoin Strategy ETF is the largest holding in the fund (5.50%), which currently has around $3.1 million in net assets. Other notable investments include PayPal Holdings Inc., AMC Entertainment Holdings Inc.and Dominion Energy Inc., among others.
Interestingly, Cramer bitcoin/” rel=”nofollow”>changed its stance on bitcoin in November 2023, just a few months after his initial prediction. He then endorsed investments in bitcoin and referred to his previous predictions as “premature.”
Disclaimer: The article is provided for educational purposes only. It does not represent NewsBTC's views on whether to buy, sell or hold investments, and investing naturally carries risks. It is recommended that you conduct your own research before making any investment decisions. Use the information provided on this website at your own risk.
