Jim Cramer, the host of CNBC’s Mad Money, advocates owning Bitcoin (BTC) in a diversified portfolio.
During a recent segment of the Mad Money program, a caller asked Cramer to share his take on whether viewers should invest in Bitcoin or shares of MicroStrategy, the largest public holder of BTC.
Responding to the inquiry, Cramer disclosed he owns Bitcoin, signaling his confidence in the premier cryptocurrency. He advised the caller and other viewers also to own Bitcoin.
The CNBC Mad Money host characterized Bitcoin as a great asset to hold, emphasizing it is a valuable addition to a diversified portfolio.
Cramer Kicks Against Investing in MicroStrategy Shares
However, Cramer advocated against favoring shares of Bitcoin firm MicroStrategy over BTC itself. In particular, his statement suggests he is against indirect exposure to Bitcoin through MicroStrategy shares.
Notably, MicroStrategy ranks as the largest public holder of Bitcoin, with a holding of 471,107 BTC. The asset acquired at an aggregate price of $30.4 billion is currently worth $48.38 billion.
Given MicroStrategy’s large Bitcoin stash, BTC’s price action usually influences the performance of its shares. Hence, some investors tend to gain indirect exposure to Bitcoin by owning shares of MicroStrategy.
However, Cramer is against this approach. He advocates for owning Bitcoin directly, ‘not MicroStrategy,’ as he stated.
Mixed Reactions Trail Cramer’s Comment
Cramer’s latest recommendation has triggered mixed reactions in the crypto community. While some crypto proponents commended him for backing Bitcoin, others expressed concern about his call for adoption, citing the humorous ‘Inverse Cramer’ theory.
This is because his predictions usually move opposite the market’s direction. For instance, the Mad Money host said Bitcoin was topping out in January 2024, adding that investors should exit their positions in BTC.
At the time, Bitcoin was trading at $47,100. Since he made the forecast, Bitcoin has soared by more than 100%, moving past $100,000. Specifically, as of today, Bitcoin is trading at $103,176 per BTC, up 4.88% over the past 24 hours.
Many investors, based on the ‘Inverse Cramer’ theory, project that Bitcoin might experience a significant downturn in the coming days.
Jim Cramer says, "I own Bitcoin. You should own Bitcoin. Bitcoin is a great thing to have in your portfolio." NOOOO JIM!!! DON’T DO THIS TO US 😩 pic.twitter.com/9YRwGucye8
— Tiffany Fong (@TiffanyFong_) January 28, 2025
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
