Jim Cramer Advises People to “Just Buy Bitcoin!”

• As Bitcoin (BTC) regained the significant $37,500 price level, investors are hesitant to dedicate their assets to crypto-related ventures.
• Cramer’s comments have become a popular contrarian trend, appearing to contradict bearish remarks on BTC on the media platform YouTube.
• Following Cramer’s cautious advice, the flagship digital asset has experienced a notable surge and is currently trading at $37,337.

Jim Cramer, known for his open opinions on stocks and cryptocurrencies, shared his thoughts on Bitcoin recommendations during a program he participated in.

Cramer Shares Bitcoin Advice

As the overall sentiment in the crypto sector has become more optimistic, and Bitcoin (BTC) has reclaimed the significant $37,500 price level, investors are hesitant to dedicate their assets to crypto-related ventures.

When asked about his thoughts on CleanSpark in the latest CNBC Lightning Round segment, Jim Cramer, a prominent personality known for his views on stocks and cryptocurrencies, also shared his thoughts on the matter:

“If you like Bitcoin, buy Bitcoin. That’s always been my view, and I liked it for a while, then I thought the money was made. I got in early, but money was made.”

Cramer’s comments have become a popular contrarian trend, appearing to contradict bearish remarks on BTC on the media platform YouTube. One person left a comment under the video, saying, “Bitcoin dropped right after this comment, but now it’s going back up.” Another person said, “Is Jim Cramer saying buy Bitcoin? SELL!!!”

These recent comments indicate a reversal of Cramer’s statement from October 10. In an episode on that date, Cramer suggested to viewers that current conditions provide “another good chance to get out of the crypto market.” However, following Cramer’s cautious advice, the flagship digital asset has experienced a notable surge and is currently trading at $37,337.

What is the current status of the Bitcoin price?

As of the time of writing, this crypto asset had traded at a price of $37,337, experiencing a 2.40% increase. This means it maintained the same price throughout the past week but continued a monthly increase of 8.45%, according to the latest data.

Moreover, BTC trades above the 200-day moving average, showcasing strong fundamentals, and had 17 green days in the previous month. Additionally, it experienced a 126% year-to-date price increase, outperforming 86% of the top 100 crypto assets, demonstrating successful performance.