Jim Cramer Admits He Was Wrong About Web 3.0 Crypto

Jim Cramer’s Change of Heart on Bitcoin (BTC)

Markets commentator Jim Cramer has recently acknowledged his earlier prediction about Bitcoin (BTC) was premature, and now recommends investors increase their exposure to the cryptocurrency. On Dec. 5, 2022, when Bitcoin was trading for $17,150, Cramer had urged investors to sell all their crypto investments no matter the cost. However, the price of Bitcoin has since rallied 118%, with BTC currently changing hands for $37,390.

In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin miner CleanSpark, saying that anyone who likes Bitcoin should increase their exposure to it. He also admitted he had not made perfect calls on Bitcoin previously, but had still “made a lot of money” from his investment in it.

As Web 3.0 Crypto tokens, investments, ETFs and communities become more popular, it’s important to understand the key features of Web 3.0 and how to make money from it. Jim Cramer’s recent change of heart may be a sign that Web 3.0 is here to stay.

Cramer’s Predictions and Love-Hate Relationship with Crypto

Cramer’s predictions, along with his on-again, off-again love-hate relationship with crypto, have become a popular meme in web 3.0 crypto communities and other investing circles in recent years. Many have highlighted his uncanny ability to make wrong calls at crucial moments.

In August 2022, a crypto trader boasted of doubling his portfolio size simply by trading against Cramer’s advice. Two months later, on October 6th, an investment fund filed for an “inverse Cramer ETF” – a financial instrument designed to return results on trades that are opposite to, before fees and expenses, the investments recommended by the famous television personality Jim Cramer.