Jim Cramer told a Mad Money caller to buy Bitcoin on Aug. 20, weeks after saying he sold his entire position over quantum computing fears. Bitcoin has climbed roughly 17 percent since his sell call, trading near $74,300. The reversal has traders invoking the "Inverse Cramer" theory that fading his calls beats following them.
Jim Cramer told a Mad Money caller to buy Bitcoin on Aug. 20, weeks after saying he sold his entire position over quantum computing fears.
"I think that you should give yourself three or four years, and at that point, I would get rather paranoid about it," Arvind Krishna, chairman and chief executive at IBM, said during a July 31 interview on the show.
Cramer's exit traces to that interview, in which Krishna warned that quantum computers could eventually crack the cryptography protecting Bitcoin. Days later, Cramer said on air he would sell his Bitcoin, though no wallet address, filing, or position size has confirmed the trade actually happened.
On a later episode, a viewer named Sanjay called into the show's lightning round asking about Bitmine Immersion Technologies (BMNR), an Ethereum treasury stock he had bought before. Cramer waved him off the derivative play, telling him to skip it and buy Bitcoin directly instead, warning that crypto-linked derivatives carry too much risk.
The advice landed awkwardly given Cramer's own stated exit weeks earlier. The so-called Inverse Cramer trade treats his calls as a contrarian signal rather than a forecast, a reputation built over years of flip-flopping on the asset. Tuttle Capital once listed an ETF betting against his picks; the fund lost 15.7 percent against a 25.4 percent gain for the S&P 500 before it closed in February 2024, proof that fading any single pundit consistently carries its own risk.
Bitcoin has climbed since Cramer's original sell call, when it traded near $63,700. It now trades near $74,300 and touched an intraday high of $75,500, a run that has continued regardless of his stated exit. The contradictory advice could trigger retail trading activity around the asset as attention shifts, given the Inverse Cramer phenomenon.
Whether Cramer actually holds, sold, or has quietly bought back into Bitcoin remains unverified. What is clear is that his on-air signals now contradict each other within weeks, leaving viewers to decide which Cramer to listen to, if either.
This article is for informational purposes only and does not constitute investment advice.
