The "Cramer Curse" endures as the host of CNBC's "Mad Money" calls Bitcoin a "winner" days before the world's largest cryptocurrency saw a 2.5% price drop.
In the 45-second clip from a "Mad Money" segment on Nov. 21, Greg in Florida asks host Jim Cramer, a former hedge fund manager, whether he should buy or sell MicroStrategy stock.
"I've gotta tell you, it's a Bitcoin play. I prefer to actually own Bitcoin. I know that Citron put some sort of short on it," Cramer responded.
"All I can say is: own Bitcoin. That's a winner," he added in the widely shared clip on X.
"Own bitcoin, that's a winner" - Cramer, last Thursday
— Morning Brew ☕️ (@MorningBrew) November 25, 2024
It's down 2.5% since then (or ~$2,440) pic.twitter.com/8LbokCi1M2
Last Thursday, Bitcoin was selling at a high of $99,014.22 but that value dipped to $93,027.55 at opening on Tuesday, marking a 6% decrease.
Since Cramer made his comment, Bitcoin lost over $130 billion in market cap, according to The Crypto Basic.
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