Jim Cramer Wants Crypto Investors to Bet Against Him

  • Put 5% of your wallets in bitcoin – Jim
  • BTC price at the time of writing: $19,334.13
  • According to him, bitcoin could fall to $12,000

Jim Cramer, the host of Mad Money, has called on crypto investors to bet against him. He said you don’t do this for 42 years and you lose money every year.

His statement came after the Inverse Cramer ETF filed documents with the Securities and Exchange Commission (SEC). To Crypto Investors, Jim Cramer: Bet Against Me In a tweet about

Cramer is a former hedge fund manager who co-founded Thestreet.com

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On Friday, Jim Cramer, host of CNBC’s Mad Money show, called on crypto investors to bet against him. Cramer, co-founder of the financial news and literacy website Thestreet.com, is a former hedge fund manager.

After that, Cramer sent out a second tweet about crypto. The Mad Money host then put crypto investors to the test, noting that he bought a boat and farm with bitcoin earnings. You should back him up, he wants you to.

Cramer has come under fire for making recommendations that led to losing trades. He praised Ark Investment Management CEO Cathie Wood last year, just before the collapse of her flagship fund.

Also, just before the 30% stock drop, he tweeted a buy recommendation for AMC Entertainment Holdings. The Mad Money host also stated in April of last year that they recommend Coinbase at $475. At the time this article was written, Coinbase Global is currently worth $67.

ALSO READ: A list of the most anonymous cryptocurrencies

Inverse Cramer ETF Prospectus Filed with the SEC

Cramer’s tweets came after Tuttle Capital Management filed a prospectus with the US Securities and Exchange Commission (SEC) for two exchange-traded funds (ETFs) called the Inverse Cramer ETF and the Long Cramer ETF.

The document explains that the objective of the Inverse Cramer ETF (the “Fund”) is to provide investment results that are approximately the opposite of the investment results suggested by television personality Jim Cramer, before fees and expenses.

Additionally, Tuttle Capital Management previously introduced an ETF that bets against Cathie Wood’s stock pick. In 2020, Cramer spoke with crypto investor and entrepreneur Anthony Pompliano, who convinced him to buy some BTC.

As a result, Cramer became a fan of bitcoin. The Mad Money host then began recommending investors invest 5% of their portfolios in bitcoin. However, in June of last year, he traded his bitcoin for ether due to concerns about a crackdown on Chinese bitcoin mining, ransomware attacks, and pegging (USDT).

He begged crypto investors to make a profit a few months later. He said in October that there could be millions of bigger fools when he invested in crypto. He predicted that Bitcoin could drop to $12,000 in June this year, and in August he advised avoiding cryptocurrencies and other speculative investments altogether.

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