Jim Cramer ‘Cannot Take So Much Abuse’ After Drawing Ridicule For Bitcoin, Apple Calls — But He’s Not The Only One Touting BTC
By Benzinga
Jim Cramer, the outspoken host of CNBC‘s Mad Money, has publicly voiced his frustration over the backlash he receives for his market predictions.
What Happened: Speaking candidly during a segment on Monday, Cramer acknowledged the intense scrutiny and personal attacks he faces, suggesting the weight of the criticism is taking a toll.
“I cannot take so much abuse,” Cramer admitted during the broadcast, reflecting on the relentless criticism from both social media users and market observers.
Known for his high-energy stock recommendations, Cramer has often found himself at the center of heated debates, with critics questioning the accuracy and impact of his financial advice.
In recent months, Cramer has faced heightened scrutiny as volatile markets have magnified the stakes of his calls.
Responding to critics, he noted that the discourse has shifted beyond professional disagreements, adding, “The attacks have become personal, and it’s no longer about the stocks—it’s about tearing me down.”
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Bitcoin‘s (CRYPTO: BTC) price dropped by 2% on the same day Cramer advocated for cryptocurrencies as a part of every investor’s portfolio.
A statement on X on Monday to own Apple Inc. stock drew ridicule from the online community, with commentators describing Cramer as “financial QVC” and “the ultimate inverse indicator.”
Cramer, often the subject of memes due to the perceived inaccuracy of his market predictions, has faced criticism for his advice.
At one point, a short-lived exchange-traded fund (ETF) was even created to profit by betting against his recommendations.
During the Nov. 26 episode of CNBC’s Mad Money, Cramer argued that owning cryptocurrencies could act as a hedge against the U.S.’s growing deficit, which has now surpassed $36 trillion.
“I think Bitcoin, Ethereum (CRYPTO: ETH), and maybe even some other cryptocurrencies deserve a spot in your portfolio,” Cramer stated. “Maybe one day, if the deficit gets under control, I’ll change my tune.”
Cramer’s call echoes the thesis by JPMorgan analysts, who called Bitcoin the “debasement trade” in light of the rising government debt burden.
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