“Inverse Cramer Effect” Triggers Bitcoin Dip

Bitcoin’s price experienced a 2% drop following CNBC markets commentator Jim Cramer’s suggestion that cryptocurrencies should have a place in every investor’s portfolio.

Cramer, well-known for his investment advice on CNBC’s Mad Money, has become an internet meme for predictions that critics argue often miss the mark. This phenomenon has even inspired the “Inverse Cramer” effect, a tongue-in-cheek belief that doing the opposite of his advice yields better results. At one point, there was even a short-lived ETF designed to profit by betting against his recommendations. Notably, Cramer recently made headlines for predicting a Harris presidential victory.

On the Nov. 26 edition of Mad Money, Cramer advocated for cryptocurrencies as a hedge against the U.S. ballooning deficit, which now exceeds $36 trillion. “I think Bitcoin, Ethereum, and maybe even some other cryptocurrencies deserve a spot in your portfolio,” he stated. “Maybe one day, if the deficit gets under control, I’ll change my tune.”

Despite his endorsement, Bitcoin’s price has dropped 2% in the past 24 hours, hovering around $92,700 after cooling off from its Nov. 23 peak of $99,571.

The crypto community was quick to attribute the decline to the “Inverse Cramer” effect, with some humorously suggesting he should criticize cryptocurrencies instead. “I’ve liked crypto for a very long time,” Cramer said during the segment, adding that it appeals to investors seeking protection against the government’s spiraling debt.

The Mad Money host also admitted to personally owning cryptocurrencies, citing persistent concerns about the national debt. “The national debt worries are never going to go away,” he remarked, before jokingly predicting that his latest recommendation could signal a market top. “Weird how I’ve been recommending gold and crypto for so many years, yet they’re both near all-time highs, and I still take heat.”

Just days earlier, on the Nov. 21 edition of Mad Money, Cramer advised a caller to “own Bitcoin—that’s a winner,” when the cryptocurrency was trading at around $98,000.

Cramer’s stance on crypto has evolved over time. While he once claimed cryptocurrencies have “no real value” and advised investors to sell, he has since acknowledged his mistake and shared that he’s made money from holding digital assets. This ongoing love-hate relationship with crypto continues to capture both criticism and curiosity from investors.

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