Beloved CNBC commentator Jim Cramer has once again weighed in on Bitcoin on his show “Stop Trading.” Despite the recent declines, Cramer remains bullish on Bitcoin’s future. Pointing to the BlackRock#BitcoinETF, Cramer pointed to a potential buying opportunity at $90,000. Cramer also emphasized Robinhood’s role in attracting younger investors. These comments follow a fascinating post from Bitcoin historian Pete Rizzo. Rizzo revealed that Bitcoin has increased its market cap by about 473% since Cramer called Bitcoin a “scam” nearly two years ago.
In January 2023, when Bitcoin was trading at over $16,000, Cramer called Bitcoin “fake and fraudulent.” He also claimed that cryptocurrency prices were “backed by people who want to back them.” Cramer has experience investing in cryptocurrencies, having previously invested in #bitcoin , #Ether , and NFTs. However, he had sold all of his crypto assets before January 2023. By January 2025, Bitcoin was trading at over $97,000. At the time of Cramer’s statement (according to a “Squawk on the Street” video shared by Rizzo), Bitcoin was trading at $16,807. According to this data, the leading cryptocurrency has gained about 473% since then.
Jim Cramer’s comments have become a running joke in the crypto world. Because the “inverse Cramer indicator” is a popular concept among some investors that suggests that doing the opposite of what Jim Cramer suggests on CNBC’s “Mad Money” will lead to profitable investments. This idea is notable for some of Cramer’s past stock picks. It stems specifically from observations and analysis of market calls.
