Inverse Cramer Strikes Again as Jim Tells Caller to Buy the Bitcoin He Sold

Jim Cramer said he sold his entire Bitcoin (BTC) position over quantum computing fears less than a month ago, then turned around and told a caller on the latest episode of Mad Money to buy the same asset. The reversal has traders once again invoking Inverse Cramer, the running theory that fading the CNBC hosts calls beats following them. The Sale Cramers exit traces back to a July 31 Mad Money interview with IBM Chairman and CEO Arvind Krishna, who warned that quantum computers could eventually crack the cryptography protecting Bitcoin. I think that you should give yourself three or four years, and at that point, I would get rather paranoid about it. Arvind Krishna, IBM chief executive, on the quantum timeline. Days later, Cramer said on air that he would sell his Bitcoin. No wallet address, filing, or position size has confirmed the trade actually happened though. Then a Caller Asks On a later episode, a viewer named Sanjay called into the shows lightning round asking about Bitmine Immersion Technologies (BMNR), an Ethereum treasury stock he had bought before. Cramer waved him off the derivative play entirely, 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 from Bitcoin 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% against a 25.4% gain for the SP 500 before it closed in February 2024, proof that fading any single pundit consistently carries its own risk. Price Action Since Bitcoin has climbed since Cramers 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. Bitcoin has reached as high as $75,500 during this rally. Image Source: BeInCrypto 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. Read the article at BeInCrypto