Jim Cramer – host of CNBC’s “Mad Money” TV show – clarified that he is “not against crypto,” but against such a scheme that deceives people.
The crypto community often amuses him for his inaccurate price predictions and investment approaches, first of all, Cramer often advises people to sell in “bad” positions, such as last December. He recommended selling when the bitcoin price was around $17,000, but has recently crossed $30,000.
Only Anti Crypto Scams
Cramer took to Twitter to explain that He is not a critic of the digital asset industry. but he resisted This is a “fraudulent digital currency” that sucks money from investors and doesn’t give them back.
However, hundreds of crypto community commented that Cramer’s latest statement is very different from his previous post.
For example, he urged investors last September to steer clear of cryptocurrencies. by calling this “speculative assets”
In addition to being a TV personality, Cramer is also popular for his crypto predictions, which in many cases have gone awry.
For example, he suggested at the beginning of 2022 that the sale of BTC and ETH may have ended. It hinted at the start of a new bull run. However, the last year has been devastating for the sector and seen the collapse of several giants such as FTX, Three Arrows Capital (3AC), Celsius Network and others. while bitcoin and ether have lost a lot of value.
On the other hand, the crypto market started to rise shortly after Cramer told investors that “It’s not too late to sell now.” BTC is up more than 75% since then.
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