In a surprising twist, Jim Cramer, host of CNBC’s Mad Money and a well-known cryptocurrency critic, has once again stirred controversy with recent remarks. On the second day of the new year in 2024, Cramer posed a seemingly innocuous question that has resonated within the crypto community.
While Cramer’s question may not have immediate consequences, enthusiasts, familiar with his bearish views on digital assets, couldn’t resist analyzing the potential implications of his statements.
Cramer’s skepticism in the past has given rise to the “Inverse Cramer” phenomenon, where investors often choose to adopt the opposite stance to his predictions. This contrarian strategy gained significant traction, leading to the creation of an Inverse Cramer ETF in October 2022 by investment firm TUTTLE.
Despite Cramer’s doubting inquiry, Bitcoin is currently making headlines for its bullish performance. Priced at $45,879, Bitcoin has reached its highest value since April 2022, marking a 3% increase on the second day of the year and pushing its market capitalization to an impressive $892.65 billion.
