Mad Money host Jim Cramer has challenged crypto investors to bet against him. “You haven’t done this for 42 years and you’re losing money every year,” he said. rice field.
From Jim Cramer to Crypto Investor: Bet Against Me
Jim Cramer, the host of CNBC’s Mad Money Show, urged crypto investors to bet on him in a tweet on Friday. Cramer is a former hedge fund manager, where he co-founded Thestreet.com, his website for financial news and literacy.
While discussing Advanced Micro Devices stock (Nasdaq: AMD), he I have written: “As always, welcome anyone to bet on me. I’ve been doing this for 42 years. If you know me, Apple for $5, Google for $18 since its inception, Meta for $18, Amazon I know you were betting $10, Nvidia $25, and AMD $5.Welcome all visitors.”
Kramer then followed up with another Tweet about crypto. Noting that he bought a farm with his Bitcoin profits and a boat with his Ethereum profits, the Mad Money host began challenging crypto investors. If he doesn’t do this for 42 years, he loses money every year. “
Many people have attacked Cramer for making recommendations that resulted in them losing deals.
Last year, he praised Ark Investment Management CEO Kathy Wood just before his flagship fund plunged. Tweeted. The Mad Money host also said last April: At the time of writing, Coinbase Global (Nasdaq: COIN) is trading at $67.
Inverse Cramer ETF Prospectus Filed with SEC
Cramer tweeted, Submit prospectus Tuttle Capital Management, in partnership with the U.S. Securities and Exchange Commission (SEC), has acquired two Exchange Traded Funds (ETFs), the Inverse Crammer ETF and the Long Crammer ETF. Filing explains:
The Inverse Cramer ETF (the “Fund”) is intended to provide investment results that are nearly the opposite of those recommended by television personality Jim Cramer.
Tuttle Capital Management also previously launched an ETF to bet on Kathy Wood’s stock selection.
Kramer Became a fan of Bitcoin In 2020, after speaking with crypto investor and entrepreneur Anthony Pompliano and convincing him to buy some, BitcoinThen Mad Money Hosting Began advice put investor 5% of portfolio in bitcoin. but, concern China’s Bitcoin Mining Crackdown, Ransomware Attacks, Tether (USDT) made him ditch Bitcoin for ether in June last year.
Months later, he pleaded with crypto investors. take profitIn October, he said he invested in cryptocurrencies. bigger fools out thereIn June of this year, he said Bitcoin could Dropped to $12,000 and in August he Cipher Evasion and other speculative investments overall.
What are your thoughts on the Inverse Cramer ETF and Jim Cramer’s reaction? Let us know in the comments section below.
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