22.08.2026 14:31
US stock market commentator Jim Cramer announced his selling plan while Bitcoin was below $63,000. After the cryptocurrency subsequently rose by 21 percent, Cramer this time directly recommended buying Bitcoin.
Bitcoin rose above $79,000 this week, gaining 22% in value over the past week.
When Cramer made his statement, the picture was quite different. Bitcoin had fallen below $63,000 on August 3, and there was no clear sign of an upward trend. The commentator told his viewers that he planned to sell his Bitcoin. Cramer never confirmed that he carried out the sale, but his words were enough to keep alive the contrarian indicator reputation attributed to him for years.
CRAMER RECOMMENDED BITCOIN DIRECTLY INSTEAD OF BITMINE
The commentator changed his stance after the rally. On Thursday, during his show, Cramer answered a viewer's question about Bitmine, a company that accumulates Ethereum. Instead of recommending the stock, the analyst told his viewer to buy Bitcoin directly. According to Cramer, taking an indirect position through crypto-related stocks might not be the best approach.
This change of heart added another contradictory statement to the commentator's track record on crypto.
THE 21% JUMP IS PART OF A LARGER DECLINE
A closer look at the numbers reveals a different picture. Despite the 21% rise over the last three weeks, Bitcoin is down 12% since the beginning of the year and 33% over the past year. In other words, the current movement corresponds to a bounce within a broader downtrend.
The main risk factor for the coming period lies on the inflation front. In the US, inflation remains significantly above the Fed's 2% target. If inflation does not recede, interest rate hikes could be back on the agenda. Rising rates could push investors to exit high-risk assets like Bitcoin.