Reverse Cramer? Bitcoin dumer bullion changes to $38,000 as crypto currency.

For the past year, CNBCJim Cramer strongly urges everyone who will listen to stay away from crypto—and Bitcoin in particular.

Now, the Crazy money is a host –once againChanging tune, just as Bitcoin hits 18-month high.

“I liked it for a while, then I decided: You know what? The money was made,” Cramer said of Bitcoin. Crazy money Room earlier this week. “But I was premature.”

“In your time Earn a lot of moneyLet's not look back,” he added.

Cramer's renewed confidence in Bitcoin comes amid a surge for the world's biggest cryptocurrency. Earlier today, BTC Rocket over $38,000 For the first time in a year and a half. Last month, the coin rose by 10% continuously. And Bitcoin is not the only one that has risen: in the same period, Ethereum has increased by 17%, having already reached its 18-month high on Friday.

Much of the progress stemmed from industry-wide optimism. Approval soon of Place Bitcoin ETF-Which, after 10 years of rejection, is finally given the green light by the US Securities and Exchange Commission (SEC), allowing traditional financial institutions to be exposed to BTC without holding any cryptocurrency.

They have blockchain analysts at CryptoQuant He said earlier The product could bring a $1 trillion boost to Bitcoin and other digital assets.

Kramer, though Profit from BTC In the year After the collapse of the crypto market in May 2022 and the closure of crypto exchanges again, it appeared to permanently write off the coin and all cryptocurrencies. FTX It rocked the industry last fall.

“It's never too late to sell a terrific position, and that's what you have if you own these so-called digital assets,” Cramer said. he said. Last December.

A year later, with Bitcoin on the rise, Cramer now says he will always support those who have long-term faith in the coin.

“If you like Bitcoin, buy Bitcoin,” the TV personality said Tuesday. “This has always been my vision.”

Many in the crypto and financial communities have long disputed Cramer's flexible stance on financial products, with some saying that doing the opposite of anything he recommends could generally be considered too good. Financial advice.

Last year, the SEC received several applications for Real Life. “Inverse Cramer EFF” It automatically invests the user's money using the opposite of Cramer's instructions as gospel.

Given such logic, some crypto investors have taken to social media to suggest that Cramer's renewed reliance on BTC could risk a major cryptocurrency crash and wipe out last month's encouraging gains.

Edited by Andrew Hayward.