From Bearish to Bullish: Jim Cramer’s Bitcoin Reversal
Jim Cramer, host of CNBC’s Mad Money and former hedge fund manager, reversed his bearish stance on Bitcoin (BTC) this week. His newfound optimism coincides with Bitcoin’s price surge above $45,000—a 21-month high—and anticipated U.S. regulatory approval for a spot Bitcoin ETF.
A Change of Heart
Three months ago, Cramer was highly critical of Bitcoin, calling it a downtrend asset. On Tuesday, however, he told CNBC:
"You can't kill it. Bitcoin is a technological marvel, and people need to recognize it's here to stay."
He even contrasted his view with that of the late Charlie Munger, a well-known Bitcoin skeptic, stating Munger was "blind to this."
Previous Skepticism
- In October 2023, amid the Sam Bankman-Fried trial, Cramer predicted Bitcoin’s decline, calling it "about to go down big."
- In 2021, he sold most of his Bitcoin holdings following China’s mining crackdown.
Despite his current optimism, Cramer cautioned that not all investors are long-term holders and warned that ETF approvals could trigger a "sell the news" event.
Bitcoin’s Rally and ETF Speculation
Bitcoin surged past $45,000 overnight, fueled by growing speculation that the SEC may soon approve multiple spot Bitcoin ETFs. The agency faces a January 10 deadline for several applications.
👉 Why Bitcoin’s ETF Approval Could Be a Game-Changer
Key Takeaways
- Bitcoin’s Resilience: Cramer acknowledged its unshakable adoption.
- Regulatory Milestones: ETF approvals could drive institutional adoption.
- Market Sentiment Shift: High-profile skeptics are reconsidering Bitcoin.
FAQs About Jim Cramer’s Bitcoin Comments
Why Did Jim Cramer Change His Mind on Bitcoin?
Cramer cited Bitcoin’s technological strength and persistent demand, calling it "a technological marvel."
What Triggered Bitcoin’s Recent Price Surge?
The rally is fueled by ETF approval expectations and renewed institutional interest.
Could Bitcoin’s Price Drop After ETF Approval?
👉 Yes—Experts Warn of a "Sell the News" Event
Is Bitcoin Really "Here to Stay"?
Growing institutional adoption and regulatory clarity suggest long-term viability.
Should Investors Follow Cramer’s Advice?
Always conduct independent research—market sentiment can shift rapidly.
For more insights on Bitcoin’s evolving landscape, stay tuned.
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