In accordance with Benzinga, television host Jim Cramer, known for his fluctuating opinions on the stock market and cryptocurrency, criticized the crypto sector on December 23, 2022. He advised against investing in cryptocurrencies, citing volatility and regulatory concerns. Despite his warnings, an investment of $1,000 in Bitcoin on that date would have grown to $5,577.76 by the end of 2024, marking a 457.8% return. This significantly outperformed the SPDR S&P 500 ETF Trust, which saw a 54.0% return over the same period. Cramer's comments came amid the fallout from the FTX collapse and the arrest of its co-founder, Sam Bankman-Fried. The article highlights that those who invested in the criticized cryptocurrencies and Coinbase stock have seen substantial gains, challenging Cramer's negative stance.
Bitcoin Investment Yields 457.8% Return Since Jim Cramer's 2022 Criticism
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