CNBC Jim Cramer Tells Over 2M Users to “Buy Crypto,” Community Reacts With Skepticism

CNBC's Mad Money host Jim Cramer has once again stirred mixed reactions in the crypto community with his latest X post, where he urged followers to buy crypto. 
Senior Editor

Key Points

CNBC's Mad Money host Jim Cramer urges his followers on X to buy crypto.
He presents cryptocurrencies as a hedge against the U.S. national debt, which has already exceeded $37 trillion.
Instead of sparking optimism, the recommendation drew backlash from crypto traders who cited the “Inverse Cramer” effect.

In a post, Cramer urged his more than 2.3 million X followers to invest in cryptocurrency. He made the recommendation against the backdrop of mounting concerns over U.S. debt levels, underscored by the now-famous National Debt Clock in New York City, which displays the nation’s surging liabilities. 

The accompanying image of the National Debt Clock reveals that U.S. debt has climbed to $37.63 trillion, translating to a family share of $955,708. Cramer’s commentary suggests he sees owning crypto as the only escape from the U.S.’s mounting national debt. 

Mixed Reactions to Cramer’s Recommendation 

While Cramer’s endorsement might ordinarily be seen as a bullish signal, the crypto community’s response has been bearish. Many investors brought up the so-called “Inverse Cramer” effect—a tongue-in-cheek theory suggesting that assets Cramer endorses often underperform, while those he criticizes tend to do well. 

For years, sections of the trading world have joked that betting against Cramer’s calls is a more reliable strategy than following them. As a result, his latest pro-crypto stance has sparked skepticism rather than confidence, with many traders interpreting it as a potential bearish signal. 

One user even pleaded with him to stop recommending crypto because of the “Inverse Cramer” effect. The user urged him to pretend cryptos do not exist for the sake of his family. 

Another user pointed to Bitcoin’s past reaction to Cramer’s calls, sharing memes that highlighted how the asset surged dramatically after Cramer once predicted that “Mr. Bitcoin” was headed lower. 

Saylor Says Buy Bitcoin 

However, Michael Saylor, executive chairman of MicroStrategy, welcomed the recommendation and chimed in by specifying that investors should focus on buying Bitcoin

Still, whether Cramer’s advice proves timely or not, his comments highlight how crypto has entered mainstream financial debates, particularly as concerns about traditional economic stability and the ballooning U.S. debt remain in focus. 

His recommendation comes as the broader crypto market experiences a slight rally, soaring 2.25% over the past 24 hours to $3.85 trillion. In particular, Bitcoin has seen its price rally by 2.5% over the past day to $112,244. 

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