Jim Cramer Turns Bullish on Bitcoin After Recent Sell Call
TL;DR:
- During the August 20, 2026 broadcast of Mad Money, Jim Cramer advised buying Bitcoin directly rather than investing in sector stocks like Bitmine Immersion Technologies.
- The stance comes weeks after the host announced his intention to liquidate cryptocurrency holdings due to quantum computing warnings issued by IBM’s CEO.
- On August 21, 2026, Bitcoin’s price crossed the $79,000 mark following U.S. Department of the Treasury announcements regarding public debt repurchases.
During the broadcast of his show this Friday, TV host and former hedge fund manager Jim Cramer advised investors to purchase Bitcoin.
The statement took place on CNBC’s Mad Money when a viewer asked about the viability of buying shares in Bitmine Immersion Technologies (NYSE: BMNR). The cited company held 5.81 million Ethereum tokens and 210 Bitcoin units on its corporate balance sheet as of August 16, 2026.
In response to the inquiry, Cramer advised against exposure to derivatives and mining operating firms, describing them as excessively risky instruments. The analyst suggested that acquiring the underlying asset on the spot market represents a preferable alternative over indirect publicly traded vehicles.
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