The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC.<\/p>\n
If this isn\u2019t a clear bear signal, we don\u2019t know what is.<\/p>\n
The host of CNBC\u2019s Mad Money has frequently outlined somewhat controversial viewpoints and advice in his show. His success rate, at least when it comes down to crypto, has been\u2026 mixed. Actually, he has changed his mind more times than \u2018a girl changes clothes,\u2019 as Katy Perry would say.<\/p>\n
We will not go down the\u00a0long road<\/a>\u00a0of his pro- and anti-bitcoin and crypto statements, but all we are going to say is that there is an inverse Cramer account and trading strategy on X, and even Elon Musk has previously\u00a0mocked<\/a> him.\u00a0Oh, just for reference \u2013 he said a few weeks ago that the market was anticipating a win for Kamala Harris in the 24 US presidential elections.<\/p>\n During a show from the past business week, Cramer praised MicroStrategy\u2019s bitcoin strategy, which has brought impressive benefits for the company since embracing BTC as a reserve asset in August 2020. Its stock price, despite the recent correction, has skyrocketed and MSTR sometimes has bigger trading volumes<\/a> than the likes of Apple and Amazon.<\/p>\n After highlighting MSTR, Cramer said, \u201cAll I can tell you is own Bitcoin, that\u2019s a winner.\u201d In the future, people will go back to this moment to point out where everything went wrong for crypto.<\/p>\n JIM CRAMER: \u201cAll I can tell you is own Bitcoin, that\u2019s a winner\u201d<\/p>\n It\u2019s over pic.twitter.com\/l5Mx3VTsA3<\/a><\/p>\n \u2014 Inverse Cramer (@CramerTracker) November 22, 2024<\/a><\/p>\n\n Given his historical flops when trying to determine a market top or bottom, the crypto community was quick to highlight his praising words for BTC as the beginning of the end. Many analysts and commentators warned investors that this is a proper sell signal and they should run for their lives.<\/p>\n BREAKING<\/p>\n BITCOIN HATER JIM CRAMER HAS TOLD ON LIVE TV TO \u201cOWN BITCOIN\u201d BECAUSE \u201cTHAT\u2019S A WINNER\u201d.<\/p>\n IS THIS THE SELL SIGNAL? pic.twitter.com\/CNhntlqg2I<\/a><\/p>\n \u2014 Ash Crypto (@Ashcryptoreal) November 22, 2024<\/a><\/p>\n\n It\u2019s probably not that surprising now that the asset failed to breach $100,000 yesterday. It all makes sense now.<\/p>\n Joking aside, BTC indeed came around $200 away from tapping that level but was stopped<\/a> and pushed south slightly. If this spectacular rally is indeed over now, all fingers will point to Cramer\u2019s words.<\/p>\n The post BTC Crash Impending? Jim Cramer Calls Bitcoin a \u2018Winner\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC. If this isn\u2019t a clear bear signal, we don\u2019t know what is. Bitcoin Is a \u2018Winner\u2019 […]<\/p>\n","protected":false},"author":0,"featured_media":22955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22954"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22954"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22955"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bear Market Starts?<\/h2>\n