Mad Money’s Jim Cramer Wants Crypto Investors to Bet Against Him — ‘I Have Done This for 42 Years’

The big of Mad Money, Jim Cramer, has challenged crypto investors to stake against him. “You bash not bash this for 42 years and suffer wealth each year,” helium said. His connection followed a filing with the U.S. Securities and Exchange Commission (SEC) for “Inverse Cramer ETF.”

Jim Cramer to Crypto Investors: Bet Against Me

The big of CNBC’s Mad Money show, Jim Cramer, challenged cryptocurrency investors to stake against him successful a tweet Friday. Cramer is simply a erstwhile hedge money manager who co-founded Thestreet.com, a fiscal quality and literacy website.

While discussing the Advanced Micro Devices banal (Nasdaq: AMD), helium wrote: “As ever I invited radical betting against me. I person done this for 42 years. Those who cognize maine cognize that you would person been betting against Apple astatine $5, Google since inception, Meta astatine $18, Amazon astatine $10, Nvidia astatine $25, and AMD astatine $5. I invited each comers.”

Cramer past followed up with different tweet astir crypto. Noting that helium bought a workplace with his bitcoin profits and a vessel with ether gains, the Mad Money big proceeded to situation crypto investors: “I privation you to stake against me. You bash not bash this for 42 years and suffer wealth each year.”

Many radical person been attacking Cramer for making recommendations that resulted successful losing trades.

Last year, helium praised Ark Investment Management CEO Cathie Wood conscionable earlier her flagship money plummeted. He besides tweeted a bargain proposal for AMC Entertainment Holdings conscionable earlier the banal plunged 30%. The Mad Money big besides said successful April past year: “We similar Coinbase to $475.” At the clip of writing, Coinbase Global (Nasdaq: COIN) is trading astatine $67.

‘Inverse Cramer ETF’ Prospectus Filed With SEC

Cramer’s tweets followed a prospectus filing with the U.S. Securities and Exchange Commission (SEC) by Tuttle Capital Management for 2 exchange-traded funds (ETFs) — Inverse Cramer ETF and Long Cramer ETF. The filing explains:

The Inverse Cramer ETF (the ‘Fund’) seeks to supply investments results that are astir the other of, earlier fees and expenses, the results of the investments recommended by tv property Jim Cramer.

Tuttle Capital Management besides antecedently launched an ETF betting against Cathie Wood’s banal picks.

Cramer became a instrumentality of bitcoin successful 2020 aft helium spoke with crypto capitalist and entrepreneur Anthony Pompliano, who convinced him to bargain immoderate BTC. The Mad Money big past began advising investors to enactment 5% of their portfolios successful bitcoin. However, concerns implicit the Chinese bitcoin mining crackdown, ransomware attacks, and tether (USDT) made him dump his BTC for ether successful June past year.

A fewer months later, helium begged crypto investors to take profits. In October, helium said helium invested successful crypto due to the fact that “there could beryllium millions of greater fools retired there.” In June this year, helium said bitcoin could fall to $12,000 and successful August, helium recommended avoiding crypto and different speculative investments altogether.

What bash you deliberation astir the Inverse Cramer ETF and Jim Cramer’s response? Let america cognize successful the comments conception below.

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