Jim Cramer Calls Bitcoin a 'Winner,' Sparking 'Inverse Cramer' Theory and Skepticism in the Crypto Community

The “Mad Money” host had kind words for the pioneering cryptocurrency in the Lightning Round section of his show, stating that he would encourage buying into Bitcoin.

Jim Cramer, host of CNBC’s “Mad Money,” endorsed Bitcoin during a recent episode, describing the asset as a “winner” and advising investors to own it.

However, his praise for the cryptocurrency sparked skepticism in the crypto community, leading to discussions of the “Inverse Cramer” theory. Here’s a summary of the event and the community's response:

During the Lightning Round segment of his show, Cramer responded to a caller who mentioned buying MicroStrategy stock (MSTR) in 2023 and achieving an over 1,000% portfolio increase. The caller expressed no intention to sell and praised the software firm’s co-founder, Michael Saylor.

Despite the recent price dump experienced by MSTR, which saw the price of the stock decrease by 30% in an hour after rising from $370 to $543 in three days, the bullish sentiment remained high. Throughout November and 2023, the stock still managed to achieve a 62% and 473% gain, respectively.

In response to the investor comment, Cramer stated that he doesn’t talk about Bitcoin when discussing MSTR, even though the company is a “Bitcoin play.” He then went on to say, “All I can tell you is own Bitcoin, that’s a winner.”

This high praise from the long-term Bitcoin critic sparked skepticism in the crypto community. Following Cramer's comments, enthusiasts brought up the “Inverse Cramer” theory, which has had some success in predicting past price movements.

The CNBC “Mad Money” host is known for making predictions that often play out逆に. His blunt inverse stock and crypto predictions led to the creation of an exchange-traded fund (ETF) that allows users to bet on the opposite of the TV personality’s market recommendations.

As a result, investors have interpreted Cramer’s Bitcoin lauds as a sell signal. The discussion centered around the possibility that the current bull run might be coming to an end following the TV presenter’s endorsement of the bullish premier asset.

One user joked that it was over for Bitcoin, adding that it was fun while it lasted and that Cramer just confirmed that $100,000 is Bitcoin’s top.

Another user highlighted the potential for a grim outcome for bulls, asserting that “the bull market just signed its death certificate.”

However, on-chain security tool Harpie argued that the inverse Cramer theory wouldn't work for Bitcoin this time, insisting that the leading cryptocurrency is too bullish to be stopped by the Cramer effect.