The so-called “inverse Cramer curse” is a phenomenon in which stocks that Jim Cramer promotes on CNBC’s Mad Money show tend to underperform the market. While it remains to be seen if the same will hold true regarding Bitcoin, it’s worth noting that Cramer has shifted his outlook on the cryptocurrency lately to a more bullish one. In a recent interview, Cramer said he believes Bitcoin prices will eventually double, and he seems optimistic that crypto assets could be a good investment for long-term investors.
It’s not yet clear if this switch in opinion will result in a similar inverse Cramer curse, or if the curse will prove to be irrelevant. Already, there have been mixed reactions to Cramer’s change in opinion, including some that believe this move could have an influence on the prices of digital currencies. Ultimately, time will tell whether the inverse Cramer curse will still play out for Bitcoin, but regardless, it’s undeniable that his opinion could still have some influence on the market.
