CNBC's Jim Cramer calls today's market meltdown "Crypto Monday."
"I don't want to make a joke of it," Cramer said on the CNBC's “Squawk on the Street” podcast. "A lot of younger people and people who borrowed money, they are going to be gone today if they are not careful."
Cramer called the correction shocking. His comments represent a shift from last year when he had a more positive take on crypto.
While Cramer says he did not want to make a joke of the meltdown, Crypto Twitter had no problem making a joke of Cramer’s takes. Cramer’s mixed record on financial analysis recently prompted the emergence of the “Inverse Cramer ETF,” a fictional Exchange-Traded Fund that recommends the opposite of anything Cramer says.
Solana co-founder Anatoly Yakovenko predicted yesterday that Cramer’s view would turn bearish. "A major fund must also close and Cramer will utter a bearish crypto prose," he tweeted.
Almost on cue, the “Mad Money” host and popular meme target soon said that he is getting...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...