Crypto Seem To Be Imploding: Jim Cramer

Mad Money host says crypto has no real value after making bullish predictions a month ago.

[{"selector":"#anim-840fb5e2-bf2b-48e3-b83c-2d9b8da38f97","keyframes":{"transform":["translate3d(-468.62749%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-08e6844c-f360-45e6-954b-0ca2ab9d6b02","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] July 6, 2022

Famous CNBC host, who recommended buying Ethereum and Bitcoin in April, says crypto has no real value.

[{"selector":"#anim-65fc963e-c45d-4e03-a7e9-af30731d3bc6","keyframes":{"transform":["translate3d(99.05214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8766a3e1-73c0-442b-8677-9608f840b0c5","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-616e167d-02d8-4b8d-9803-25e069f23295","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Cramer had earlier said that he is “a believer” in Ethereum and suggested that investors could “easily” bank 40% returns on the asset.

[{"selector":"#anim-25e9b114-0f18-4c7f-bcdc-b2695f24eaca","keyframes":{"transform":["translate3d(99.05214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bc7a5d23-efc9-43be-8826-e63e698bc792","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1cffa01-4973-49c6-888b-adfd64a009f6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

"Crypto really does seem to be imploding. Went from $3 trillion to $1 trillion. Why should it stop at $1 trillion,” the CNBC host questioned.

[{"selector":"#anim-d4cba9b3-0582-47f7-8ee5-a849fb6eabc4","keyframes":{"transform":["translate3d(99.05214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-283b529d-7e64-4f4b-afee-28b1effaedcc","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c23c3809-4476-459e-b6c4-ea3343640b1d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

As the crypto market continues to remain in red, Jim Cramer conveniently changed his opinion on the “real value” of crypto.

[{"selector":"#anim-55cf952f-e288-4951-8990-1e4a9fcfd78d","keyframes":{"transform":["translate3d(99.05214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db1651f7-a9b2-47c0-92f8-e7ba1b2d2ebe","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bcd9c1c2-ba26-43ae-b298-999ac0558f6c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d3666740-f208-4f77-bd60-402f081aa4e5","keyframes":{"transform":["translate3d(111.42857%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-67385e5b-0491-43a4-b8b4-ea10e8b1d7af","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b94110d5-241f-49d1-8889-e2c2239c5137","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Back in April, Jim Cramer said that investors “could easily get 35 or 40% returns” on Ethereum.

[{"selector":"#anim-3bc85d67-7555-447e-be22-b6e27d5fb586","keyframes":{"transform":["translate3d(99.05214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ff0ce8a-c569-40cf-916f-3b5e8b11f82f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65f531e2-b999-4c4e-bb25-065fa6738414","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-70934486-31ca-492e-8fab-202e7ea1b675 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-48.187255900170605%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Last month, Cramer revealed that he had bought ETH and would continue to add to his holdings.

[{"selector":"#anim-ceef941b-4c0b-4bae-9c07-02ed52393e39","keyframes":{"transform":["translate3d(99.05214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5c9f43b-b965-4c5f-9f45-a442976cb654","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58807701-e01b-4e2c-bd69-90404656de05","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-7644f9e4-4d19-4555-9154-d79b32f3e0ce","keyframes":{"transform":["translate3d(115.23810%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-564c238b-88b5-4e6a-85d6-b660d86d1889","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef856605-1968-4c0b-b0b6-a57705cfb919","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b9fb6470-68d3-4f32-af75-00e9e30d8b37","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3f820493-9e7f-442b-a5f1-8a14e96509fc","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Several from the crypto community took Cramer’s prediction as a warning for an upcoming ETH crash.

The famous tv show host also criticized NFTs calling them “made up.”

[{"selector":"#anim-97d39cfb-b839-4b33-bbaa-1308f355a146","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b053ce78-03ba-48fd-bfe8-0647160bcefc","keyframes":{"transform":["translate3d(-94.40155%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52369968-7941-4e23-9e09-26818ae622b1","keyframes":{"transform":["translate3d(431.81832%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-c9bb1a40-0d8f-4688-ba1e-ac192993b641","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] More crypto stories...