Jim Cramer, host of Mad Money, and consistently a reverse indicator for any financial opinion, started 2023 with a bold statement:
As i predict another weak year for crypto, i do ponder how many people are still involved, now many millions of people....
— Jim Cramer (@jimcramer) January 2, 2023
As of time-of-writing, (Jan 20, 2023) Bitcoin is up 37% year-to-date, and Ethereum right behind at 37% up year-to-date.
But wait...Jim decided to double down on his anti-crypto investing stance just 9 days into the new year, (7 days after his first tweet above), telling his audience it is again a good chance to get out of crypto:
Good chance AGAIN to get out of crypto and scale out of Chinese stocks as neither can be trusted
— Jim Cramer (@jimcramer) January 9, 2023
Well, maybe we're celebrating too early, and it indeed will be a bad year for crpyto..
But Jim is notorious for his reverse predictions, let's have a look at this beautiful meme, poking fun of Cramer's oh-so wrong call that he likes Coinbase stock ($COIN) at $475, and just 7 months later, it slid down to $38.
Yeah because your predictions of $COIN were so spot on. @cramercoin pic.twitter.com/5hZ4Gz02Y1
— IncomeSharks (@IncomeSharks) January 3, 2023
Jim seems to be on a never ending cycle of being a confused bullish-bear, regarding crypto.
Cramer loved Coinbase stock at $328, but didn't want to buy back in at $38, Cramer started 2023 off by saying "no" to crypto, but started 2021 by saying "PAY ME IN BITCOIN!!"
pay me in bitcoin!!
— Jim Cramer (@jimcramer) April 12, 2021
Whether the prices are up or down, it never gets boring to watch old man Cramer flip flop on his crystal ball predictions.
Our favorite part of this saga is the inverse Cramer account someone created, and the memes are evergreen:
— Inverse Cramer ETF (Not Jim Cramer) (@CramerTracker) January 20, 2023
Happy HODL'ing!
