- Jim Cramer admits on his CNBC Mad Money show that his call for investors to sell Bitcoin in late 2022 was premature.
- Cramer’s controversial call on December 5, 2022, advised investors to sell all crypto investments when Bitcoin was at $17,150.
- Despite Cramer’s sell recommendation, Bitcoin has since rallied 118%, and is now trading at $37,390.
American TV personality Jim Cramer has publicly admitted to being premature in his call for investors to sell Bitcoin at the depths of the 2022 bear market. On a recent episode of his CNBC Mad Money show, Cramer responded to a caller’s inquiry about investing in Bitcoin miner CleanSpark (NASDAQ:CLSK).
Cramer remarked, acknowledging the unpredictability of the cryptocurrency market.
Look, if you like Bitcoin, buy Bitcoin. That has always been my view. And for a while, I liked it, and I decided that money had been made, but I was premature.
This admission comes almost a year after Cramer urged investors on December 5, 2022 to sell all their crypto investments. Bitcoin was trading at $17,150 at the time, not far from the bear market bottom.
Cramer, known for his on-again, off-again relationship with cryptocurrencies, confiden…
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