Jim Cramer, the famous CNBC host, went bullish on Bitcoin, but as many traders jokingly predicted, $BTC tanked immediately afterward. The price dropped by 5%, wiping out $5,000 in value per coin and leading to $344 million in liquidations.
Crypto Twitter didn’t hold back, dubbing him the “top-signal king” once again. The term "Inverse Cramer" has become a meme, suggesting that doing the opposite of his calls often yields profits.
Despite the backlash, Cramer continues to push Bitcoin, Ethereum, and other crypto assets for portfolios. However, he maintains that there’s no concrete proof of cryptocurrencies acting as economic hedges—a statement that doesn’t exactly inspire confidence in his picks.
For traders, the pattern seems clear: when Cramer makes a call, many go short—and so far, they’re winning. Whether he’s just unlucky or a contrarian’s dream, his hot takes have become a running joke in the crypto world.