Jim Cramer, a well-known CNBC host and famous speaker, is bearish on the cryptocurrency market. He called on investors to sell their cryptocurrency holdings on the show "Mad Money". Although he choked up and admitted not long ago that he was overly optimistic about Meta's stock price, and has always been regarded as a counter-indicator by the villagers, he is still quite active.
Sell now, it’s never too late
Jim Cramer told the audience that you can't just blame yourself for selling too late. The fact is that it is never too late to get rid of a bad position (portfolio). If investors hold so-called digital assets, they are holding a bad position.
He warned that speculative assets should not be held while the Federal Reserve continues to tighten liquidity, and named XRP, DOGE, ADA, MATIC and other alternative coins as all possible to return to zero.
Oh how the turntables @jimcramer
Im all in pic.twitter.com/ZtWJmN8qBJ
— Not Jim Cramer (@cramercoin) December 6, 2022
irony index
Jim Cramer’s most famous recent case of inaccurate predictions is Meta.
Meta has been falling since reaching $380 in September last year, and Jim Cramer emphasized on the show in June this year that Meta has no other way to go but up.
But in October, Meta released its financial report. Due to excessive losses in the Metaverse department, the stock price fell further, and has even fallen to the level of $114 in 2017.
Jim Cramer also choked up on the show and apologized to investors and viewers.
JUST IN: Jim Cramer cries and issues a public apology after being wrong about $META (Facebook) stock. pic.twitter.com/ASbdzZdkjX
— Watcher.Guru (@WatcherGuru) October 27, 2022
He also called for buying Netflix (NFLX) in the first third of the year, but it fell more than 30% at the end of January and has fallen more than 50% so far.
In early October, a capital management institution submitted an application for the "Inverse Jim Cramer ETF" to the SEC.
Netflix! BUY !
— Jim Cramer (@jimcramer) January 3, 2022
This article CNBC celebrity Jim Cramer calls for selling coins: It is never too late to cut off the meat. It first appeared in Chain News ABMedia.