Bitcoin

TV personality and the host of “Mad Money,” Jim Cramer, has long been a vocal critic of <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> like Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), Litecoin (<a href="https://finbold.com/cryptocurrency/litecoin/" rel="noopener noreferrer nofollow">LTC</a>), Dogecoin (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>), and <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a>. However, his recent comments on the crypto market have drawn the ire of many in the community, who have been quick to point out the irony of his predictions.Last month, Cramer advised investors to sell Bitcoin just as the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> was starting to rally on March 14. Since then, Bitcoin has surged 24%, leaving many to mock the financial analyst’s advice. Indeed, Bitcoin was trading at $24,152 at the time and is currently trading at $29,976 at the time of publication.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d368a05c166d4d5bb09632d249b04a39.jpg" />Bitcoin 1-month price chart. Source: Finbold<blockquote>“Bitcoin went up today. Bitcoin’s a strange animal. I will say point blank, I think it is being manipulated up. It was being manipulated the whole time by Sam Bankman-Fried, so please don’t assume, therefore, that it’s not still being manipulated,” he said.</blockquote>He added: “I would sell my Bitcoin right into this rally. And believe me, I had been a believer in Bitcoin at one time. But not here, not now.”Despite Cramer’s doubts about cryptocurrencies, Bitcoin has continued to perform strongly, confounding many traditional investors who remain skeptical of digital assets.<h2 id="header-0">Move out of Bitcoin quickly</h2>An “inverse Jim Cramer” strategy or portfolio would involve doing the opposite of what Cramer recommends on his show. Some investors believe that an inverse Jim Cramer strategy can be profitable, as his picks are not always accurate and may be subject to bias or other factors.Some investors who follow the “inverse Kramer” strategy view Jim Cramer’s moments of fear and capitulation as an opportune time to buy in. In other words, when he expresses negativity or advises caution on a particular stock or crypto, these investors see it as a signal to enter the market.Notably, back on January 10, the tv personality suggested ‘move out’ of Bitcoin quickly, with it notably trading at $17,192 at the time; however, compared with the price at the time of publication, BTC has climbed over 74% since that date.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d8b8a93812864403a24a25d070dbd7c2.PNG" />&#64;jimcramer&#39;s Tweet. Source: <a href="https://twitter.com/jimcramer/status/1612824082659119104" rel="noopener noreferrer nofollow">Twitter.com</a>.Interestingly, XRP coincidentally crashed 14% from its 2023 high of $0.58 before a slight rebound after TV personality Jim Cramer <a href="https://finbold.com/xrp-crashed-this-much-since-jim-cramers-comments-on-ripple-v-sec-case/" rel="noopener noreferrer nofollow">said</a> the Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>) “may not even win” its lawsuit against <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">Ripple</a>.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Here’s how much Bitcoin is up since Jim Cramer told investors to sell in March

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