Mad Money: The title of Jim Cramer’s investment show says it all. Fast cuts, restless camera work, guitar riffs in the background, flashes everywhere – Cramer has no claim to seriousness.
The situation is similar with his investment advice. There are so many examples of mistakes that asset manager Tuttle Capital Management launched an Inverse Cramer ETF in March 2023. So an actively managed index fund that is based on Jim Cramer’s recommendations – only in reverse. This means that securities that Cramer recommends are consistently shorted – and vice versa.
The Bitcoin community has a special relationship with Cramer anyway. Because: The financial guru is not a Bitcoin friend. In his latest broadcast, however, he expressed himself positively to neutrally on the subject of BTC.
“If you like Bitcoin, buy Bitcoin,” he replied to a listener who asked about Cramer’s opinion on BTC miner Clean Spark.
In 2021, the CNBC host had sold all of his BTC for ETH. However, after his bank refused to hold his Ether, he also sold this crypto position.
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Is Cramer’s neutral stance on mining stocks now a BTC buy or sell signal? Not clear.
SBF pays for prison haircut with mackerel
Cigarettes, instant noodles – mackerel? The history of prison currencies is diffuse. But one person who is particularly familiar with (fake) money is the recently convicted crypto fraudster Sam Bankman-Fried.
The former boss of the bankrupt stock exchange FTX reportedly had his notorious mane trimmed by a fellow prisoner. SBF should not have paid for the body-friendly service with FTT or BTC, but with tangible goods in kind: Mackerel.
It is not known how many cans the ex-billionaire had to shell out.
Samson Mow: One million US dollars within a few days
The fact that the Bitcoin Space attracts moonboys is no news. The fact that exorbitant price predictions perform well on social media is also not the case. A little modesty wouldn’t do the crypto influencers a bad thing. Especially when it comes to respectable personalities like Samson Mow.
The architect of the Salvadoran Bitcoin bonds is seriously predicting to his community on Platform X that the spot ETF will raise BTC to one million (!) US dollars.
To put it into perspective: a Bitcoin price of one million US dollars implies a market capitalization of 19.5 trillion US dollars – that is twice the gold market and exceeds the EU’s gross domestic product by a good four trillion US dollars.
Our verdict: Always stay nice on the carpet.
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