Crypto Community Pokes Fund at Skeptic Jim Cramer as BTC Crosses $22k

Crypto Community Pokes Fund at Skeptic Jim Cramer as BTC Crosses $22k

Bitcoin

As the global crypto market cap breaks the $1 trillion valuation this week, the crypto community pokes fun at the staunch crypto skeptic Jim Cramer, who often asked crypto investors to sell their Bitcoin holdings at a loss.

The community derided Cramer recently on Twitter after the crypto skeptic’s pessimistic projection about crypto turned out false. Twitter Blue subscriber, TrueCrypto28, shared a mockery video of the crypto critic where he kept shouting ‘Celsius!’

#BTCThis was @jimcramer yesterday. The man’s timing is remarkable. He is the gift that keeps on giving! pic.twitter.com/zUXSI8HNGG

— Mr. Anderson (@TrueCrypto28) January 21, 2023

On the day Bitcoin broke the $17k price point this month, Cramer told crypto enthusiasts it was an excellent opportunity to exit the market. In his words:

[It is a] good chance again to get out of crypto and scale out of Chinese stocks as neither can be trusted.

Due to the FTX fiasco, Bitcoin (BTC) fell from over $21,000 to a two-year low of $15,883 last November. The coin never recovered until recently, when it traded around $22,750, the first time in nearly nine weeks, according to data from the market tracking platform, CoinMarketCap.

While the crypto market suffered significant price depreciation, Jim Cramer continuously told crypto investors that it was never too late to exit an awful position. In one of his shows on CNBC last month, he said:

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.

However, in an exciting turn of events, the global crypto market cap has crossed the $1 trillion valuation again after it closed 2022 below $790 billion.

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