Cramer Reverses Stance and Now Calls Bitcoin a Technological Marvel Here to Stay
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Jim Cramer reverses previous bearish stance on bitcoin, now says "Bitcoin is a technological marvel and I think people need to start recognizing it's here to stay."
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Cramer took note of Charlie Munger being "blind to this", after Munger was a famous Bitcoin skeptic.
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Cramer's new comments contrast with his remarks in October amid Sam Bankman-Fried trial, when he said he wasn't interested in getting long crypto.
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Cramer suggests spot ETF approvals could be a "sell the news" event and not all longs are in it for the long haul.
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Bitcoin rose above $45,000 overnight for the first time since April 2022 on speculation of imminent SEC approval of spot bitcoin ETFs.