Jim Cramer’s Cryptocurrency ‘Idiot Investments’ Skyrocket, Defying His Predictions

By
Ezra B
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7

In 2022, CNBC anchor Jim Cramer labeled Solana, Litecoin, and other meme coins as “idiot investments.” During a CNBC show on December 9th of that year, he condemned Dogecoin, Solana, and XRP as “cons” and advised people to instead invest their money in stocks of similar market size. At that time, Solana was trading at $11 with a market capitalization below $5 billion.

Fast forward to today, and Solana is trading at $168, boasting a market cap exceeding $82.5 billion. This represents a staggering 1,400% increase, effectively proving Cramer wrong.


Jim Cramer has long been a polarizing figure on CNBC, known for his dramatic and oftentimes controversial opinions. While some of his predictions have indeed come to pass, others, like his disdain for Solana, have missed the mark spectacularly.

During the turbulence following the FTX debacle, Solana’s price plummeted to single digits, which only fueled more criticism from analysts and commentators, including Cramer. He was unabashed in his dismissal of SOL holders, branding them as “idiots” when the token was trading at $11.

Yet today, Solana is one of the best-performing tokens, trading at $168. This drastic appreciation has led to the popularization of what many in the crypto community are now calling the “Inverse Cramer” effect.

Over the past two years, Solana has experienced significant volatility. Despite Cramer’s vocal criticism, current market conditions tell a different story. Some observers now suggest that the best trading strategy might actually be to do the opposite of what Cramer advises. This contrarian approach has even led to the creation of the Inverse Cramer ETF, institutionalized by Tuttle Capital Management.

Jim Cramer’s influence remains strong, and his controversial comments continue to garner attention. Recently, his bearish outlook on Bitcoin in September led many Twitter/X users and analysts to predict an imminent market rally for the top cryptocurrency.

Despite his often exaggerated and sometimes wrong assessments, Cramer’s commentary serves as a reminder for the crypto community to practice due diligence. His contrarian takes highlight the importance of being cautious with popular narratives and sensationalized reports. For Solana and other tokens, informed trading and careful analysis remain key.