Jim Cramer: "If you want to own Bitcoin, buy Bitcoin"

On the Mad Money show on CNBC on Monday night, Jim Cramer – former hedge fund manager and famous financial host – made a noteworthy statement: One should own Bitcoin (BTC), but not MicroStrategy (MSTR).

Cramer said directly:

"If you want to own Bitcoin, buy Bitcoin. I own Bitcoin, you should own Bitcoin too. It’s a great asset to have in your portfolio."

However, he does not encourage buying MicroStrategy (#MSTR ) – the company that holds the largest amount of Bitcoin among publicly listed companies, with 417,107 BTC (worth over 48 billion USD at current prices).

Cramer once made a mistake predicting Bitcoin "peaked"

Interestingly, Jim Cramer has a history of making predictions contrary to reality. In January 2024, he claimed that Bitcoin had peaked and should be sold. As a result, BTC has risen over 100% since then, reaching over 103,000 USD on Tuesday morning (Asian time), up 4% from Monday.

In fact, the online community even has a humorous theory called "Inverse Cramer", which suggests that if Cramer advises something, do the opposite. This led to the creation of the Inverse Cramer ETF in 2022 – an ETF that bets against Cramer's advice. However, this fund closed in early 2024.

Could MicroStrategy benefit unexpectedly?

Although #Cramer does not explain why he does not encourage buying MicroStrategy (MSTR) shares, some investors believe this could be a positive sign for the stock. In the past, Cramer's incorrect predictions often became opportunities for those betting against him.

MicroStrategy, under the leadership of Michael Saylor, has continuously bought Bitcoin since 2020 and currently holds the largest amount of BTC among publicly listed companies. If Bitcoin continues to rise, MSTR shares could benefit, despite Cramer's predictions.

Conclusion

Jim Cramer's advice may leave many investors puzzled, but considering his historical "inverse" track record, this could be a positive signal for MicroStrategy. Nevertheless, investors still need to be cautious when making decisions, especially in the volatile crypto market.

📌 Note: Crypto investment always carries risks. Please research thoroughly before investing! #anhbacong