Jim Cramer, the notoriously inconsistent CNBC host, announced during Mad Money that he plans to sell his entire Bitcoin position within three years, citing quantum computing risks as his rationale. The crypto community immediately interpreted the announcement as a buy signal, following the well-documented inverse Cramer effect where traders take the opposite position of Cramer’s recommendations. Bitcoin was trading near the $100,000 level at the time, and social media quickly filled with screenshots of limit orders placed by contrarian traders. No on-chain data has confirmed the existence or size of Cramer’s actual Bitcoin holdings, and his public positions on Bitcoin have swung dramatically over the years, with each reversal consistently coinciding with the market moving in the opposite direction.
Source: Read the original article
