Jim Cramer issues blunt warning, predicts next Bitcoin bottom
Whenever Jim Cramer writes about the markets, I’m curious to read it, no matter how much criticism he faces.
A well-known Wall Street figure, Cramer is a former hedge fund manager who currently hosts “Mad Money” and “Squawk on the Street” on CNBC.
No matter how much he is attacked for his views, he does not hesitate to share his mind. So I know it is very important to understand his point of view when he issued a clear warning following the Bitcoin (BTC) crash.
On January 31, Bitcoin fell below $80,000, marking its worst price decline since April 2025. In fact, the leading cryptocurrency dropped as low as $74,591.71 on February 1.
Saylor took the opportunity to check out Bitcoin enthusiast and Strategy (Nasdaq: MSTR) co-founder and executive chairman Michael Saylor.
Related: Jim Cramer issues clear Bitcoin warning amid Greenland tensions
Saylor is known for his bullish support of the leading cryptocurrency despite the ups and downs. He founded MicroStrategy as a software company in 1989.
When he came across Bitcoin during the coronavirus outbreak in 2020, he decided to buy it to add to the company’s balance sheet. Last year, the company was rebranded as Strategy.
It is now the world’s largest digital asset treasury (DAT) dedicated to Bitcoin. Just as other publicly traded companies hold cash or other assets on their balance sheets, DAT holds cryptocurrencies such as Bitcoin on its balance sheet.
Last week’s crash did not deter Strategy from buying Bitcoin. January 26-February. 1, company purchased 855 BTC worth $75.3 million.
Cramer on February 2 wrote an X post Wondering if the strategy co-founder had enough liquid cash to buy more Bitcoin, he asked if Saylor had “any dry powder.”
Saylor definitely bought BTC last week.
Still, Cramer called on “Saylor and co” for BTC to rise from the $77,000 range to at least $83,000 by February 7.
