Share this article
Jim Cramer Capitulates on Bitcoin: 'Technological Marvel … It's Here to Stay'
The Mad Money Host three months ago was highly bearish on the world's largest cryptocurrency.
Updated Mar 8, 2024, 7:17 p.m. Published Jan 2, 2024, 6:14 p.m.
Jim Cramer, former hedge fund manager and host of CNBC’s Mad Money, Tuesday morning reversed his previously bearish stance on bitcoin [BTC] ahead of what's expected to be U.S. regulatory approval of a spot ETF and as the price rose above $45,000 for the first time in 21 months.
"This thing, you can't kill it," Cramer told CNBC's David Faber. "[Bitcoin is] a technological marvel and I think people need to start recognizing it's here to stay." Cramer also took note of another famous Bitcoin skeptic (to put it mildly), saying the late Charlie Munger "was blind to this."
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
Cramer's comments stand in contrast to his remarks in early October amid the Sam Bankman-Fried trial, when he said he wasn't interested in getting long the crypto as "Mr Bitcoin is about to go down big." Prior to that, Cramer said he had sold most of his bitcoin holdings in 2021 after the China mining crackdown.
To be sure, the former hedge funder wasn't a full-on bull on bitcoin this morning, saying not everyone long now is in it for the long haul and suggesting that the spot ETF approvals could be a "sell the news" event.
Bitcoin overnight rose above $45,000 for the first time since early April 2022 as speculation ramped that the U.S. Securities and Exchange Commission (SEC) perhaps this week would approve a number of spot bitcoin ETFs. The agency faces Jan. 10 deadlines decisions on several ETF applicants.
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
