In 2023, CNBC’s Mad Money host Jim Cramer gave a highly publicized warning regarding Bitcoin.
On-air, he warned that he sees the cryptocurrency manipulated by Sam Bankman-Fried and told viewers, “I’d sell my Bitcoin right into this rally.”
Bitcoin traded at about $22,500 then, and it has since climbed over 382% to $112,000 this month. At press time, Bitcoin is sitting at $109,085.25, up by 3.89% (24 h), as per Kraken.
An early believer in Bitcoin, Cramer changed his tune and became bearish as regulatory scrutiny developed and scandals such as FTX shook investor confidence. “Cramer said, “I had been a believer once in Bitcoin, not here, not now. Bitcoin is a strange animal. I will say, point-blank. I think it’s being manipulated up.”
Cramer’s commentary hints at a reasonably deep-seated mistrust in the crypto market’s transparency. However, in 2025, Bitcoin is making headlines not only for crossing its January high of $108,000 but also for reaching its all-time high at $112,000.
Institutional adoption has grown. Investment firms like MicroStrategy are still stacking Bitcoin, which has become a distinct asset class with global acceptance.
This is not the first time Cramer’s predictions have been off.
Based on Reddit Analysis and CXO Advisory Research, Jim Cramer’s calls on stocks are often incorrect.
Studies say he’s wrong 50% to 58% of the time, especially with sell recommendations.
His buy calls can be the correct short-term move but frequently trail the market long-term. His misfires are everywhere, ranging from high-profile misses like Bear Stearns and Silicon Valley Bank.
Soon after, netizens called the phenomenon the ‘Cramer Curse’ based on the trend of assets moving in the opposite direction from what Cramer said.
Interestingly, President Trump criticized Cramer’s predictions during an interview on TheStreet when Cramer asked the President if Americans should buy into stocks.
He first refused to answer and laughed off Cramer as historically incorrect. “I think you are the leading authority in going up and going down.”
However, on May 20, he edged towards Bitcoin as a hedge against the rising U.S. debt.
Jim Cramer’s warning misses the mark by over 380% first appeared on TheStreet on May 26, 2025
