Jim Cramer urges ‘just buy Bitcoin’.

During his Mad Money broadcast, host Jim Cramer advised viewers to \”just buy\” Bitcoin.

\”If you like Bitcoin, buy Bitcoin. That has always been my view, and for a time I liked it, but then I decided that the money had been made. I acted prematurely, but the money was made,\” Cramer said in his recommendation.

The remark came in response to a question about the Nasdaq-listed mining company CleanSpark.

Cramer is known for his blunt remarks and criticism of the crypto industry. Yet his recent remark contradicts his earlier statements.

On October 10, during a CNBC broadcast, he predicted a \”big drop for Bitcoin\”.

BREAKING: @jimcramer PREDICTS THAT “MR. @Bitcoin” IS “ABOUT TO GO DOWN BIG”
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— DEGEN NEWS ?️ (@DegenerateNews) October 10, 2023

At the time of writing, digital gold is trading at $37 208, barely moved in price over the last 24 hours.

Earlier, former Binance chief Changpeng Zhao ridiculed Cramer’s investment advice. Earlier in the year he urged selling Bitcoin, but the next day the asset began a strong rally.

Back in late 2022, Kramer urged the U.S. Securities and Exchange Commission to tighten regulation of crypto companies and carry out a \”great cleanup\” of the industry.

In December, the Bitcoin skeptic pointed to the risk of the price going to zero for a number of popular digital assets. Among them XRP, ADA, MATIC and DOGE.