Jim Cramer in Disbelief as Crypto Market Notches Up, Cries Manipulation

The recent reversal of the crypto markets has personality of the American media jim cramer call to blame, although his statements often turn out to be false.

Signs have started to over the past month of a thaw in the crypto winter of that past year. Until now, in January, it has increased from $17,000 to $21,000, which represents a 30% increase. Ethereum has also risen over 30%, while total crypto market capitalization has risen back above $1 trillion. Even non-fungible tokens (NFTs) saw a rebound in sales volume in Dec. 

Yet, rather than acknowledge any of these developments, cryptoskeptic Cramer instead attributes these gains to market manipulation. However, we know that the statements of the personality of the financial media are not entirely noteworthy.

Suspicious phone calls from Cramer.

Since the collapse of FTX, the most recent turning point for crypto markets, Cramer has made some dubious calls on crypto. First, how he feels about Sam Bankman-Fried. While the crisis was unfolding, several derogatory remarks were made about bankman-fried, suggesting that crypto-investors had been crazy to trust him. However, a few months earlier, like most other media, he had praised Bankman-Fried as "the new J.P. Morgan."

Like others, Cramer also believed that the collapse would trigger wider repression on the part of the authorities who would soon execute a "." By his estimation, this had started by Jan. 12 with Genesis and Gemini, which he described as “a fabulous short squeeze run.”

However, Cramer made another prediction about crypto companies that proved patently false. Earlier this month, fearing that the second would not allow buying BINANCE assets to travel to pass. He claimed that the SEC "is very concerned that will turn out to be more chimeric than we think." A U.S. bankruptcy court later approved Voyager Digital’s proposed $1 billion sale of its assets to Binance.US.

Inverse Cramer

Indeed, Cramer’s comments are known to be so notoriously off their target that investors have created inverted indicators. Last year, the host of cnbc's crazy cash had a pair of publicly listed funds named in his honour.

Whereas a fund will take its advice, the "reverse burn" fund will do exactly the opposite. The reverse concept cramer also took on social networks, with a dedicated page highlighting his consistent blunders.