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During Monday evening’s episode of CNBC’s Mad Money, host Jim Cramer encouraged viewers to consider adding Bitcoin to their investment portfolios instead of investing in MicroStrategy, a software company known for its significant Bitcoin holdings.
Jim Cramer states, “I own Bitcoin. You should own Bitcoin. Bitcoin is a fantastic asset to have in your portfolio.” NOOOO JIM!!! DON’T DO THIS TO US
pic.twitter.com/9YRwGucye8
— Tiffany Fong (@TiffanyFong_) January 28, 2025
“If you want to own Bitcoin, own Bitcoin,” Cramer stated during the segment. “I own Bitcoin, and you should as well. It’s an excellent addition to your portfolio, but not MicroStrategy.”
MicroStrategy, under the leadership of CEO Michael Saylor, is often viewed as a proxy for Bitcoin due to its large cryptocurrency reserves, which cause the company’s stock performance to align closely with Bitcoin’s price movements.
Cramer further pointed out that investing in MicroStrategy involves additional risks related to its corporate operations, implying that direct ownership of Bitcoin might be a more straightforward choice for investors.
Cramer’s Evolving Perspective on Cryptocurrencies
Cramer has received criticism for his inconsistent views on cryptocurrencies.
After the downfall of FTX, the cryptocurrency exchange founded by Sam Bankman-Fried, Cramer stated that he “wouldn’t touch crypto in a million years,” expressing concerns about the safety of deposits.
However, his stance has since softened, as demonstrated by his recent support for Bitcoin.
Cramer has also gained a reputation as an inverse market indicator, with some investors betting against his financial advice.
In March 2023, Tuttle Capital Management launched the Inverse Cramer ETF (SJIM), aimed at capitalizing on this sentiment.
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Although the ETF has since been closed, its establishment underscores the skepticism surrounding Cramer’s market forecasts.
Social Media Reacts to Jim Cramer’s Bitcoin Support
Cramer’s remarks about Bitcoin triggered a wave of responses on social media. Some users humorously suggested that Bitcoin’s rally might reverse following his endorsement.
One user on X quipped, “Well, the early year crypto boom was enjoyable, but the prophecy has now been spoken. It’s all over for bitcoin bros.” Another added, “Jim Cramer endorsing Bitcoin… We’re doomed. Pack your bags, it’s over.”
Jim Cramer is encouraging his millions of viewers on CNBC to invest in Bitcoin today.
It truly couldn’t be more evident that BTC has peaked and is about to enter its multi-year bear market.— Jacob King (@JacobKinge) January 28, 2025
Jacob King, CEO of Whale Wire, tweeted, “Jim Cramer is urging his millions of viewers on CNBC to buy into Bitcoin today. It really couldn’t be more obvious that BTC has peaked and is about to enter its multi-year bear market.”
MicroStrategy and Bitcoin Price Trends
As of Tuesday morning, Bitcoin was trading around $102,000, following a prolonged rally over recent months.
Optimism regarding regulatory clarity in the U.S. has bolstered positive sentiment in the cryptocurrency market. Conversations about fair digital asset regulations have contributed to Bitcoin’s upward momentum.
MicroStrategy’s considerable Bitcoin holdings have also experienced gains during this rally.
While the company’s stock performance benefits from increases in Bitcoin prices, Cramer’s comments indicate he perceives direct Bitcoin ownership as a preferable option for investors.
The post Jim Cramer Says Bitcoin Is “A Great Thing To Add To Your Portfolio” appeared first on Cryptonews.
