Bitcoin’s price took a hit on Nov. 26, dropping 2%, coinciding with CNBC’s Jim Cramer endorsing cryptocurrencies as an essential part of every investor’s portfolio. The market’s reaction has reignited the online joke about the “inverse Cramer effect,” where his investment advice often appears to signal the opposite outcome.

Bitcoin Price Falls Amid Cramer’s Endorsement

Cramer, the host of Mad Money, suggested Bitcoin, Ethereum, and other cryptocurrencies as hedges against the United States’ ballooning national debt, now exceeding $36 trillion. “I think Bitcoin, Ethereum, and maybe even some other cryptocurrencies deserve a spot in your portfolio,” Cramer said, highlighting the growing appeal of crypto as an alternative investment.

Despite his endorsement, Bitcoin’s price fell 2% to around $92,700, cooling off after reaching a peak of $99,571 on Nov. 23.

The “Inverse Cramer Effect” Resurfaces

Cramer has long been a polarizing figure in the financial world, with many internet users jokingly suggesting his advice often predicts the opposite of market trends. In fact, a now-defunct exchange-traded fund (ETF) was specifically created to bet against his investment recommendations.

Social media users were quick to react, urging Cramer to “only make negative points about crypto” to help boost its price.

Why Cramer Believes in Crypto

Cramer’s stance on crypto has evolved over the years. While he once dismissed cryptocurrencies as having “no real value,” he now acknowledges their role as hedges against financial instability. He also admitted to still owning some crypto due to concerns over the national debt, saying, “The national debt worries are never going to go away.”

This isn’t the first time Cramer has endorsed Bitcoin recently. On Nov. 21, he advised a caller to “own Bitcoin that’s a winner” when the price hovered around $98,000.

Mixed Reactions and Market Implications

Cramer’s love-hate relationship with crypto reflects broader public sentiment. While some appreciate his acknowledgment of crypto as a hedge, others remain skeptical, especially given the timing of his calls.

As Bitcoin continues to fluctuate, Cramer’s endorsements—and the market’s response—highlight the unpredictable nature of cryptocurrency investments.

Whether you agree with Jim Cramer’s advice or not, one thing is clear: his comments often stir debates and sometimes even laughter in the crypto community. As Bitcoin and other cryptocurrencies navigate volatile times, investors may take his words with a grain of salt—or perhaps use them as a reverse indicator.