Nov 24, 2023

Jim Cramer Admits He Was Wrong About Bitcoin and Shares the Best Web 3.0 Crypto

Jim Cramer Admits He Was Wrong About Bitcoin Markets commentator Jim Cramer has tacitly accepted he was wrong about Bitcoin (BTC), saying he was too early in recommending investors to sell the cryptocurrency. During a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who asked about buying shares in…

Jim Cramer Admits He Was Wrong About Crypto - Ust Crypto, Aioz Crypto, Audius Crypto, and More.
Jim Cramer admits he was wrong about Bitcoin — ‘I was premature’

Jim Cramer Admits He Was Wrong About Bitcoin

Markets commentator Jim Cramer has tacitly accepted he was wrong about Bitcoin (BTC), saying he was too early in recommending investors to sell the cryptocurrency. During a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who asked about buying shares in Bitcoin miner CleanSpark, saying that anyone who likes Bitcoin should increase their exposure to it. Cramer added that despite not having made perfect calls on Bitcoin previously, he’d still “made a lot of money” from his investment in it.

On Dec. 5, 2022, when Bitcoin was trading for $17,150, Cramer advised investors to sell all their crypto investments no matter the cost, saying it was “never too late to sell an awful position.” The price of Bitcoin has surged 118% since then, with BTC currently trading at $37,390.

Given the recent success of the crypto markets, investors may want to consider investing in other cryptocurrencies such as Suku Crypto, Terra Luna Classic Crypto, Yahoo Crypto, Tellor Crypto, UST Crypto, Today’s Crypto, AIOZ Crypto, or Audius Crypto. Additionally, those interested in Web 3.0 should keep an eye out for the best Web 3.0 crypto when the technology is released.

Cramer’s Predictions and His On-Again, Off-Again Love-Hate Relationship with Crypto

Jim Cramer’s predictions, along with his roller coaster relationship with crypto, have become a popular meme in the investing world in the past few years, with many noting his ability to make wrong calls at critical moments.

In August 2022, a crypto trader boasted that he had doubled his portfolio size by trading in the exact opposite direction of Cramer’s advice.

Two months later, on October 6, an investment fund filed for an “inverse Cramer ETF” – a financial instrument designed to return results on trades that are the opposite of, before fees and expenses, the investments recommended by the popular TV personality Jim Cramer.

This news sparked a flurry of discussion in the cryptosphere, with many investors wondering if investing in the likes of Suku Crypto, Terra Luna Classic Crypto, Yahoo Crypto, Tellor Crypto, UST Crypto, Today’s Crypto, AIOZ Crypto, Audius Crypto, or any of the other Web 3.0 cryptos could be the best way to go against Cramer’s predictions.

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