Mad Money’s Jim Cramer Wants Crypto Investors to Bet Against Him — ‘I Have Done This for 42 Years’

Der Gastgeber von Mad Money, Jim Cramer, has challenged crypto investors to bet against him. “You do not do this for 42 years and lose money every year," er sagte. His statement followed a filing with the U.S. Wertpapier- und Börsenkommission (SEK) for “Inverse Cramer ETF.”

Jim Cramer to Crypto Investors: Bet Against Me

The host of CNBC’s Mad Money show, Jim Cramer, challenged cryptocurrency investors to bet against him in a tweet Friday. Cramer ist ein ehemaliger Hedgefonds-Manager, der Thestreet.com mitbegründet hat, eine Website für Finanznachrichten und Alphabetisierung.

While discussing the Advanced Micro Devices stock (Exahash: AMD), er schrieb: “As always I welcome people betting against me. I have done this for 42 Jahre. Those who know me know that you would have been betting against Apple at $5, Google since inception, Meta at $18, Amazon at $10, Nvidia at $25, and AMD at $5. I welcome all comers.”

Cramer then followed up with another tweet about crypto. Noting that he bought a farm with his bitcoin profits and a boat with ether gains, the Mad Money host proceeded to challenge crypto investors: “I want you to bet against me. You do not do this for 42 years and lose money every year.”

Many people have been attacking Cramer for making recommendations that resulted in losing trades.

Last year, he praised Ark Investment Management CEO Cathie Wood just before her flagship fund plummeted. He also tweeted a buy recommendation for AMC Entertainment Holdings just before the stock plunged 30%. The Mad Money host also said in April last year: “We like Coinbase to $475.” At the time of writing, Coinbase Global (Exahash: MÜNZE) is trading at $67.

‘Inverse Cramer ETF’ Prospectus Filed With SEC

Cramer’s tweets followed a prospectus filing with the U.S. Wertpapier- und Börsenkommission (SEK) by Tuttle Capital Management for two exchange-traded funds (ETFs) — Inverse Cramer ETF and Long Cramer ETF. The filing explains:

The Inverse Cramer ETF (the ‘Fund’) seeks to provide investments results that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer.

Tuttle Capital Management also previously launched an ETF betting against Cathie Wood’s stock picks.

Cramer became a fan of bitcoin in 2020 after he spoke with crypto investor and entrepreneur Anthony Pompliano, who convinced him to buy some BTC. The Mad Money host then began beraten investors to put 5% of their portfolios in bitcoin. jedoch, concerns over the Chinese bitcoin mining crackdown, ransomware attacks, und Anbinde (USDT) made him dump his BTC für Äther in June last year.

A few months later, he begged crypto investors to take profits. Im Oktober, he said he invested in crypto because “there could be millions of greater fools out there.” In June this year, he said bitcoin could fall to $12,000 and in August, he recommended avoiding crypto and other speculative investments altogether.

What do you think about the Inverse Cramer ETF and Jim Cramer’s response? Lass es uns im Kommentarbereich unten wissen.

Kevin Helms

Studentin der österreichischen Wirtschaftswissenschaften, Kevin fand Bitcoin in 2011 und ist seitdem Evangelist. Seine Interessen liegen in der Bitcoin-Sicherheit, Open-Source-Systeme, Netzwerkeffekte und die Schnittstelle zwischen Ökonomie und Kryptographie.

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