The former coverage fund manager, Jim Cramer, asked to own Bitcoin (BTC), but not his largest public holder Microstrategy, in the last segment of CNBC’s crazy money on Monday night.
“If you want to have bitcoin, (you) have bitcoin,” Cramer said in response to a person who calls during the segment. “I am the owner of Bitcoin, you should own Bitcoin. Bitcoin is a great thing in his portfolio. “
“But not Microstrategy,” he ended without further details or reasoning. Microstrategy is the largest holder of the asset world with more than 417,107 Bitcoin, with a value of more than $ 48 billion at current prices, in its treasury until Monday.
But there may be reasons to encourage Microstrategy and Bitcoin Bears bulls in the coming weeks. Cramer selections often tend to move in the long -term opposite direction, it is often perceived as a sign historically associated with reverse bets.
A humorous Internet theory called “Inverse Cramer” even stimulated the creation of a short -term inverse ETF in 2022 (before closing in early 2024).
In January 2024, Cramer said Bitcoin was probably overcoming and asked for an exit. The asset has increased more than 100% since then.
BTC quoted just over $ 103,000 in the Asian morning hours, 4% more from Monday.
