When Jim Cramer talks, the market listens, and now he’s shown a shift in his opinion about cryptocurrency Bitcoin BTC/USD. Appearing on CNBC this week, Cramer first said investors should back away from crypto and that it’s never too late to sell – now he claims that Bitcoin is “a reality that needs to be recognized.” He commented that Ethereum BTC/USD has come back in “a remarkable comeback,” something that matched the optimism of speculative investors. Cramer went on to say SEC Chairman Gary Gensler desires any crypto involved to become a registered security, but hasn’t found the way to make that a requirement. When the television host took to X in December 2023 to advise investors to sell Bitcoin at the price of roughly $17,100 its current value is at $45,000 0 gaining 164%.
Being met with a varying response on X, Crypto veteran and X user Jacob Canfield said, “ Bitcoin isn’t dumping because of high funding rates or because stocks are dumping. It’s because Jim Cramer is bullish on it .” Trading Software major X user TrendSpider took to the platform and wrote about the late Jim Crooder’s regrettable said “In January above mention where he told people to stay away for BTC while it was at $17,000, today it $45,000 ” One more X user Gandal attained in saying “Jim Cramer just said you can’t kill bitcoin. That’s it, folks, it’s over. Sell all your bitcoin. ”
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