If You Invested $100 In Bitcoin When Jim Cramer Asked To ‘Get Out’ Of Crypto, Here’s How Much You’d Have Now
By Benzinga
Jim Cramer, the popular host of CNBC's Mad Money, has been a vocal critic of cryptocurrencies, but his predictions about Bitcoin (CRYPTO: BTC) have been repeatedly off the mark.
What Happened: When Bitcoin broke the $17,000 price in January, Cramer said it was an excellent opportunity to exit the market.
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In his words: “[It is a] good chance again to get out of crypto and scale out of Chinese stocks as neither can be trusted.”
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
The apex crypto, on Tuesday, reached a nine-month high of $28,500 as investors eagerly awaited the Federal Reserve’s interest rate decision on Wednesday. The Fed will decide whether — and by how much — to increase its baseline interest rate, which could have a major impact on crypto prices.
If you had invested $100 when Cramer asked to get out of crypto on Jan. 8, when BTC was trading at $17,091, you could have seen a 65% increase in your investment.
Today, with BTC trading at $28,091, a $100 investment would have become $165.
