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Jim Cramer delivers blunt Bitcoin warning amid Greenland tensions
Popular TV personality Jim Cramer is well-known for his hot takes on the stock and crypto markets, and no matter how much he is criticized, he doesn't shy away from sharing his views.
A well-known figure on Wall Street, Cramer is a former hedge fund manager who now hosts "Mad Money" and "Squawk on the Street" on CNBC.
Famous for his energetic TV delivery, Cramer’s commentary has prompted many traders to think the market often moves opposite to where he’s pointing.
It is referred to as the “Inverse Cramer effect," according to which assets he endorses often decline shortly afterward, while those he dismisses tend to rally.
Cramer hints at S&P 500 rally
As Greenland turns out to be the raging topic at the World Economic Forum (WEF) in Davos, Switzerland, Cramer offered his comments on the episode and its implications for the market.
Greenland is an autonomous territory within the Kingdom of Denmark, which President Donald Trump is saying the U.S. will acquire and has even threatened European countries with additional tariffs if they intervene.
Cramer wrote on X on Jan. 21 that whatever happens on the EU front, it will be an S&P 500 rally, indicating that capital will flow into a safe nest in times of crisis.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It includes about 80% of the American market by market cap.
The benchmark, which hit an all-time high (ATH) of $6,977.27 on Jan. 12, was barely up by 0.7% when the market opened on Jan. 21. It was trading at $6,845.42 at the time of writing.
Cramer dismisses speculative rally
Cramer added that there won't be a speculative rally and clarified that by speculation, he meant Bitcoin (BTC) and silver.
The former's decline yesterday was "very pronounced," Cramer underlined. The market is awaiting a clear, loud signal that speculative enthusiasm has peaked so that it can lock in gains in an "extraordinary 2026," he added.
The precious metals have been hitting new record highs every few days. On Jan. 20, gold's price hit a new historic high of $4,750 per ounce, and silver's price hit a new ATH of $95.87 per oz.
Bitcoin, meanwhile, is still nearly 29% lower than its ATH of $126,080. At press time, BTC was exchanging hands at $90,081.78.
Cramer even wondered if there is enough capital to flow into markets so that gold, silver, and crypto can rise higher.
This article has been published in thestreet.com via Yahoo News.
Jim Cramer delivers blunt Bitcoin warning amid Greenland tensions
Popular TV personality Jim Cramer is well-known for his hot takes on the stock and crypto markets, and no matter how much he is criticized, he doesn't shy away from sharing his views. A well-known figure on Wall Street, Cramer is a former hedge fund manager who now hosts "Mad Money" ...
finance.yahoo.com
