BTC crash imminent? Jim Cramer calls Bitcoin a ‘winner’

The crypto community mourns X as the 2024 bull market appears to be over. No, this is not a drill, Jim Cramer said on national television that bitcoin is a winner and advised people to own BTC.

If that’s not a clear bear signal, we don’t know what is.

Bitcoin is a “winner”

The host of CNBC’s Mad Money has often outlined somewhat controversial viewpoints and advice on his show. Their success rate, at least when it comes to crypto, has been… mixed. In fact, she’s changed her mind more times than “a girl changes her clothes,” as Katy Perry would say.

We won’t go into the long way of his pro and anti-bitcoin and crypto statements, but all we will say is that there is a reverse Cramer account and trading strategy in X, and even Elon Musk has made fun of it . Oh, just for reference, he said a few weeks ago that the market was anticipating a Kamala Harris victory in the 24th US presidential election.

During a show last business week, Cramer praised MicroStrategy’s Bitcoin strategy, which has delivered impressive returns for the company since it adopted BTC as a reserve asset in August 2020. The price of its shares, despite the recent correction, has soared and MSTR is sometimes greater. commercial volumes than those of Apple and Amazon.

After highlighting MSTR, Cramer said, “All I can tell you is your Bitcoin, this is a winner.” In the future, people will come back to this moment to point out where it all went wrong for crypto.

JIM CRAMER: “All I can tell you is your Bitcoin, this is a winner”

It’s over pic.twitter.com/l5Mx3VTsA3

— Reverse Cramer (@CramerTracker) November 22, 2024

Is the bear market starting?

Given its historical mistakes in trying to determine a market top or bottom, the crypto community was quick to highlight its words of praise for BTC as the beginning of the end. Many analysts and commentators warned investors that this is a proper sell signal and that they should run for their lives.

BREAKING

BITCOIN HATER JIM CRAMER HAS SAID ON LIVE TV HE ‘OWNS BITCOIN’ BECAUSE ‘THIS IS A WINNER’.

IS THIS THE SELL SIGN? pic.twitter.com/CNhntlqg2I

— Ash Crypto (@Ashcryptoreal) November 22, 2024

It’s probably not so surprising now that the asset didn’t breach $100,000 yesterday. It all makes sense now.

All kidding aside, BTC came within $200 of hitting that level, but stopped and pushed south slightly. If this spectacular rally is over, all fingers will point to Cramer’s words.

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