Jim Cramer Predicts Bitcoin To Reach 0, Compares Tether To DotCom Bubble

---

CNBC “Mad Money” host and still well-respected financial analyst Jim Cramer is advising his US listeners to get out of crypto before it’s too late. He predicts several coins will soon reach zero while Tether’s bubble is comparable to that of the DotCom companies of the 2000s.

Wow pic.twitter.com/Q20ZKjQuGV

— Inverse Cramer ETF (Not Jim Cramer) (@CramerTracker) December 6, 2022

Given that Cramer and crypto Twitter have quite the history, some on social media saw this as the ultimate buy signal, ever since the ‘reverse Jim Cramer’ index started making them money.

That’s the signal #BUY 😝 https://t.co/dJmLnENKry

— Dan Kozel.eth (@Koz93) December 6, 2022

Mad Money

As we’ve reported on, Cramer’s investment advice has been terrible in 2022. In fact, he is now frequently mocked on social media, with critics regularly claiming they “short” his bets.

In his program “Mad Money” this week, the presenter recommended to his spectators to sell their cryptocurrencies, if they have any left.

BREAKING: Goldman Sachs mouthpiece Jim Cramer urges investors to exit crypto & says it’s never too late to sell. Jim is evil & dishonest. This is good news for Bitcoin. pic.twitter.com/YdSWi54OHV

— Gill Bates (@GillBatesVax) December 6, 2022

You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets.

As to stablecoins, Cramer noted that:

Tether, a so-called stablecoin that’s supposed to be kinda-sorta pegged to the dollar, still has a $65 billion market cap.

There’s still a whole industry of crypto boosters trying desperately to keep all of these things up in the air — not too different from what happened with bad stocks during the dotcom collapse.

Bullish on crypto 📈

Remember to always Inverse Cramer#bitcoin #bitcoincash #bitcoinmining #bitcoinnews #bitcoins #bitcointrading #bitcoinusa #blockchain #btc #crypto #cryptocurrency #ethereum pic.twitter.com/AAKAXQ0CId

— Trader Prosperity 💸 (@TraderProsper) December 6, 2022

grejak / Depositphotos.com