The Bottom Is Here: CNBC's Jim Cramer Says Crypto Has 'No Real Value'

"Mad Money" host Jim Cramer has again changed his opinion on crypto, predicting that the total market capitalization will fall below $1 trillion because "there's no real value there."

Some in the crypto community think the market may be at an all-time low after CNBC host Jim Cramer, given his track record, said there was "no real value in Crypto" and predicted that the market would continue to crash.

Cramer is known for giving his investment expertise as the host of CNBC's "Mad Money," but has developed a reputation in the crypto community for giving advice on stocks and cryptos that usually end up be largely off the mark or the complete opposite of his prediction.

His predictions, along with his recurring love-hate relationship with crypto, have become a popular meme within the community over the past few years.

The Crypto Bear Market Just Ended https://t.co/9a7tGjLYiW

Appearing on a segment of CNBC’s “Squawk Box” on Tuesday, Cramer commented on the bearish performance of various asset classes in 2022. He said the sector he is currently “most interested in” is crypto. , as he called it essentially worthless while predicting more carnage to come :

“Crypto really seems to be imploding. It went from $3 trillion to $1 trillion. Why should it stop at $1 trillion? no real value there."

"How many businesses can Sam Bankman-Fried save?" he added.

The comments contrast sharply with those two months earlier, when Cramer enthusiastically declared that he was a “believer” in Ether (ETH) and that “you could easily get 35-40% return on your investment. " in the near future.

This prediction happened when the price of ETH was around $3,000, and the price has since fallen...