Jim Cramer Sparks Bitcoin Debate With Bullish Tweet

According to U.Today, CNBC's Mad Money host Jim Cramer has stirred discussions within the Bitcoin community following a recent tweet expressing a bullish stance on the cryptocurrency. Known for his often contrarian influence on market reactions, Cramer's unexpected positive comment on Bitcoin caught the attention of many, including Elon Musk. The tweet, which declared "Bitcoin is a winner," was shared by a user named DogeDesigner, alongside a chart showing Bitcoin's sharp decline. In the past 24 hours, Bitcoin, the largest cryptocurrency by market capitalization, has experienced a significant drop of approximately 7%, falling from $98,660 to around $91,840. At the time of writing, Bitcoin has slightly recovered, trading at $93,115. Cramer, in his tweet, emphasized his long-standing support for cryptocurrency, stating that he has "owned and backed crypto" since the early days of his financial media company, The Street, which was established in 1996. This statement was made in response to the prevalent "time to dump crypto" sentiment. Cramer's comments have elicited mixed reactions from the cryptocurrency community. Some members have humorously suggested that Cramer should refrain from discussing Bitcoin unless he predicts a decline, as his statements often seem to precede the opposite market movement. Earlier today, Cramer also tweeted about the potential for the market to become "very overbought," further fueling the ongoing debate about his influence on cryptocurrency trends.