Cramer Doubles Down on Bitcoin, Pushes Back Against Criticism He Called the Top
"I got a bunch of yahoos saying I called the top on crypto by recommending it," Cramer said Tuesday during a segment of Mad Money.
Vince Dioquino
By Vince Dioquino
Nov 27, 2024
2 min read
Jim Cramer. Image: Shutterstock
Jim Cramer. Image: Shutterstock
Jim Cramer, the animated host of CNBC's "Mad Money," has become something of an unintentional crypto market indicator—just not in the way he probably hoped.
The commentator defended his crypto stance Tuesday during another installment of his market entertainment show, citing government spending and deficit concerns.
On Friday, the firebrand stock enthusiast issued a bullish call on Bitcoin, sending Crypto Twitter into a frenzy and prompting onlookers to declare that the asset had peaked.
Two days later, Bitcoin’s price fell 5%, erasing nearly $5,000 from its value and pushing long liquidations to an 11-day high above $344 million. 0 reply
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