Jim Cramer Predicts Bitcoin To Reach 0, Compares Tether To DotCom Bubble

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Last Updated on 9 December 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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CNBC “Mad Money” host and still well-respected financial analyst Jim Cramer is advising his US listeners to get out of crypto before it’s too late. He predicts several coins will soon reach zero while Tether’s bubble is comparable to that of the DotCom companies of the 2000s.

Given that Cramer and crypto Twitter have quite the history, some on social media saw this as the ultimate buy signal, ever since the ‘reverse Jim Cramer’ index started making them money.

Mad Money

As we’ve reported on, Cramer’s investment advice has been terrible in 2022. In fact, he is now frequently mocked on social media, with critics regularly claiming they “short” his bets.

In his program “Mad Money” this week, the presenter recommended to his spectators to sell their cryptocurrencies, if they have any left.

You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets.

As to stablecoins, Cramer noted that:

Tether, a so-called stablecoin that’s supposed to be kinda-sorta pegged to the dollar, still has a $65 billion market cap.

There’s still a whole industry of crypto boosters trying desperately to keep all of these things up in the air — not too different from what happened with bad stocks during the dotcom collapse.

grejak / Depositphotos.com