Jim Cramer — Forget MicroStrategy, Bitcoin Is the Better Bet

On his Mad Money show, Cramer said:

If you want to own bitcoin, own bitcoin. I own bitcoin. You should own bitcoin. Bitcoin is a great thing to have in your portfolio.

For context, MicroStrategy holds a staggering 417,000 BTC, valued at around $48 billion at today’s prices.

However, Cramer advises against investing in MicroStrategy stock, highlighting the additional challenges associated with owning shares in the company. 

He offered no further explanation, but many believe Cramer was referencing the double-edged risk posed by Bitcoin’s volatility and the broader market forces impacting MicroStrategy’s outlook.

Cramer’s statement drew even more attention due to his contentious track record. His critics often mock his forecasts under the term “Inverse Cramer,” implying that his advice tends to backfire.

Case in point: In January 2024, he warned that Bitcoin had likely peaked, only for the cryptocurrency to skyrocket over 100% in the months that followed.

The response to Cramer’s advice on Mad Money was far from unanimous.

Supporters see his endorsement of Bitcoin as a reasonable strategy for diversifying their portfolios. Meanwhile, critics, mindful of his track record, approach his statements with caution, speculating that this recommendation could trigger the opposite effect in the coming months.

Mad Money with Jim Cramer is CNBC’s popular show where the charismatic ex-hedge fund manager and financial guru provides sharp analysis on stocks, market trends, and investing strategies. Famous for his lively demeanor, Cramer not only recommends stocks but also interacts with viewers in real-time during the broadcast. 

Check out: Jim Cramer — Financier and His Controversial Investment Strategies

Jim Cramer’s Top Three Blunders:

• In 2012, Cramer predicted a sharp drop in Netflix stock, but within six months, its value had skyrocketed by 174.49%.
• In 2022, he told viewers to avoid buying Coinbase shares at $40. By February 14, 2024, the stock had surged to around $159.
• In 2023, he suggested investing in Silicon Valley Bank stock, which soon after declared bankruptcy.

Nevertheless, Cramer’s influence endures, with over 2 million followers on X and Mad Money drawing hundreds of thousands of views on YouTube.