Jim Cramer Bearish At $40K: 'Unlikely That Bitcoin Finds Its Footing,' CramerTracker Replies: 'Legend, Thanks Jim!'

Jim Cramer thinks the Bitcoin BTC/USD price dip is not yet over.

What Happened: The "Mad Money" host posted on social media:

Unlikely that Bitcoin finds its footing

— Jim Cramer (@jimcramer) January 22, 2024

In doing so, Cramer doubled down on his previous bearish calls, saying Bitcoin was "far from the bottom" and the selloff was just the "nasty beginning."

Why It Matters: Cramer is often scrutinized for his so-called "reverse Midas" takes. There's even an Inverse Cramer ETF for investors who bet against him.

Cramer's latest bearish "prediction" did not stop the cryptocurrency account from ridiculing his bottom-calling capabilities.

Accounts like CaleCrypto see Cramer's pronouncement as an unexpected opportunity, embraced it as a catalyst for bullish action: "we needed this."

This spirit of contrarian optimism reached its peak with @Vivek4real_, whose unwavering optimism shone through in a simple yet powerful tweet: "#Bitcoin is going to the moon, boys."

Read Also: EXCLUSIVE - Dogecoin Is About Financial Freedom, Changing The 'System,' Developer Says

Adding a touch of dry wit to the discourse, Chesschick01 employed a logical sleight of hand.

"So bitcoin will find its footing! Got it," she quipped, ingeniously flipping Cramer's words into a prediction of the opposite outcome.

The ever-opportunistic HelloMoon_io seized the moment, posing a seemingly innocent question that resonated with the wider community: "could this be the bottom signal," effectively inviting speculation and fueling a renewed sense of hope amongst investors.

Even the typically measured @StreetTraderJPP couldn't resist the gravitational pull of Cramer's tweet.

With unwavering conviction, they declared, "The next leg up has arrived," implicitly framing Cramer's pessimism as a mere stepping stone on the path to further ascension.

@CramerTracker, an account making fun of Cramer's supposed history of wrong calls, was confident this is what the market needed:

Legend, thanks Jim! pic.twitter.com/mcymq9u7LA

— Inverse Cramer (Not Jim Cramer) (@CramerTracker) January 22, 2024

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