{"id":811792,"date":"2024-12-11T22:19:44","date_gmt":"2024-12-12T04:19:44","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/11\/jim-cramer-lashes-out-at-crypto-community-says-he-liked-crypto-for-a-long-time\/"},"modified":"2024-12-11T22:19:44","modified_gmt":"2024-12-12T04:19:44","slug":"jim-cramer-lashes-out-at-crypto-community-says-he-liked-crypto-for-a-long-time","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/11\/jim-cramer-lashes-out-at-crypto-community-says-he-liked-crypto-for-a-long-time\/","title":{"rendered":"Jim Cramer Lashes Out at Crypto Community, Says He Liked Crypto for a Long Time"},"content":{"rendered":"<div>\n<div id=\"blockquote-block_399f01cbabb49cc572dd807b4d9f3cfe\">\n<ul>\n<li aria-level=\"1\"><span>Jim Cramer expressed frustration on \u201cMad Money\u201d over claims that his crypto endorsements caused market drops.<\/span><\/li>\n<li aria-level=\"1\"><span>He dismisses the significance of Crypto Twitter reactions but it appears their comments bother him.<\/span><\/li>\n<li aria-level=\"1\"><span>Cramer says he has maintained cryptocurrency holdings as a hedge against government debt.<\/span><\/li>\n<li aria-level=\"1\"><span>Despite criticism, Cramer continues to advocate for Bitcoin, emphasising its all-time high performance.<\/span><\/li>\n<\/ul>\n<\/div>\n<p>We need to talk about Jim Cramer, the enigmatic CNBC host who<a href=\"https:\/\/cryptonews.com.au\/news\/jim-cramer-mocks-btc-all-time-high-as-bitcoin-rallies-from-11-fall-118402\/\"> is a controversial figure<\/a>, to say the least. As \u2018Inverse Cramer\u2019, his word carries weight, albeit usually with people bettings against his advice.\u00a0<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/ethereum-sprints-ahead-outpaces-bitcoin-with-a-10-surge-in-market-pairing-124883\/\"><strong> <\/strong><strong>Ethereum Sprints Ahead: Outpaces Bitcoin with a 10% Surge in Market Pairing!<\/strong><\/a><\/p>\n<p>But now it seems Cramer himself is a little upset and needs to talk. Speaking on his show \u2018Mad Money\u2019 he recently took a swipe at the crypto community for being a \u201cbunch of yahoos\u201d and criticising Cramer.<\/p>\n<figure><\/figure>\n<h2 id=\"h-a-bunch-of-yahoos-on-x-or-twitter-or-whatever\">A Bunch of Yahoos on X, or Twitter, or Whatever<\/h2>\n<p>He told his viewers that he was unhappy about allegations he had caused a drop in<a href=\"https:\/\/cryptonews.com.au\/category\/bitcoin\/\"> Bitcoin<\/a>.<\/p>\n<div id=\"blockquote-block_84393bd86ab8c6e922ab8f7002244c36\">\n<p>I got a bunch of yahoos saying I called the top in crypto by recommending it.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/11\/29145655\/Jim-Cramer.jpg\">        Jim Cramer    <\/p>\n<\/div>\n<p>He quickly added that he doesn\u2019t even care about what people say on Crypto Twitter \u2013 despite clearly being upset by it and speaking about it at length.<\/p>\n<div id=\"blockquote-block_2d124ee06c615683492589faa94fab4f\">\n<p>First, I need to say that I typically do not read the comments on Twitter, or X, or whatever it is. I have pretty thick skin.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/11\/29145655\/Jim-Cramer.jpg\">        Jim Cramer    <\/p>\n<\/div>\n<p>But, Cramer also said he has held crypto for a long time, mainly as a hedge against increasing government debt and the inability, or unwillingness, to do anything about it.<\/p>\n<p>One user on X (or Twitter, or whatever) said that Cramer\u2019s rant basically means that the \u2018Inverse Cramer\u2019 narrative has now lost its power, which should send crypto higher.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Now that he\u2019s acknowledged his power, he\u2019s lost all influence. Higher.<\/p>\n<p>\u2014 Terpytimes (@terpytimes) <a href=\"https:\/\/twitter.com\/terpytimes\/status\/1861953145032650896?ref_src=twsrc%5Etfw\">November 28, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Another pointed out that Cramer\u2019s reach to a huge audience and his de-facto recommendation of Bitcoin and Ethereum can only be bullish for crypto.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Even if you don\u2019t like Cramer, he has a massive audience of non-crypto investors and he just told them they should have <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> in their portfolio ????<\/p>\n<p>\u2014 BS Investing (@BSinvestingDoc) <a href=\"https:\/\/twitter.com\/BSinvestingDoc\/status\/1861954594965762488?ref_src=twsrc%5Etfw\">November 28, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 id=\"h-cramer-calls-top-cops-heat-as-100k-btc-was-in-the-bag\">Cramer Calls Top, Cops Heat, as 100K BTC Was in \u201cThe Bag\u201d<\/h2>\n<p>Cramer\u2019s outburst comes after Bitcoin was on the brink of reaching the magical US$100k mark earlier this week. BTC made a new all-time high on 23 November at US$99,655 (AU$153,165) and has been struggling to gain momentum since.<\/p>\n<p>Cramer must have truly felt guilty for stopping the rally so close to the goal, which Bloomberg Senior Analyst Eric Balchunas<a href=\"https:\/\/cryptonews.com.au\/news\/cryptos-wild-ride-awaits-as-altcoin-funds-line-up-at-secs-door-says-bloombergs-balchunas-124890\/\"> called<\/a> \u201cdramatic timing\u201d. Balchunas added that this (the $100k) \u201cwas in the bag, could practically taste the champagne, like Brady stealing SB vs Atlanta. Stuff legends are made of\u201d.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/ripple-spends-25-million-for-super-pac-fairshake-sends-xrp-price-higher-124876\/\"><strong> <\/strong><strong>Ripple Spends $25 Million for \u2018Super PAC\u2019 Fairshake, Sends XRP Price Higher<\/strong><\/a><\/p>\n<p>Cramer meanwhile ended up saying that he won\u2019t read the comments anymore \u2013 yeah, sure, Jim.<\/p>\n<div id=\"blockquote-block_5f103f94374cbe9e62394673115c11fa\">\n<p>I\u2019ll go ahead, I\u2019m gonna call the top by recommending it yet again. Weird how I\u2019ve been recommending gold and Bitcoin for so many years and yet they\u2019re both at [their] all-time highs. And I take heat anyway? I\u2019ll go back to not reading the comments. It ain\u2019t worth the aggravation.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/11\/29145655\/Jim-Cramer.jpg\">        Jim Cramer    <\/p>\n<\/div><\/div>\n<p> Aaron Feuerstein<br \/><a href=\"https:\/\/cryptonews.com.au\/news\/jim-cramer-lashes-out-at-crypto-community-says-he-liked-crypto-for-a-long-time-124907\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jim Cramer expressed frustration on \u201cMad Money\u201d over claims that his crypto endorsements caused market drops. He dismisses the significance of Crypto Twitter reactions but it appears their comments bother him. Cramer says he has maintained cryptocurrency holdings as a hedge against government debt. Despite criticism, Cramer continues to advocate for Bitcoin, emphasising its all-time<\/p>\n","protected":false},"author":1,"featured_media":811793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24953,22791],"tags":[12765,8831],"class_list":{"0":"post-811792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cramer","8":"category-crypto","9":"tag-cramer","10":"tag-crypto"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=811792"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/811793"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=811792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=811792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=811792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}