Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Jim Cramer Says He Bought a Farm With Bitcoin Profits—And Dares You to Bet Against Him

CNBC’s Jim Cramer prodded his myriad online non-believers on Friday with a challenge: bet against him. He dares you.
Cramer bragged to Crypto $Twitter (Delisted) (TWTR.US)$ that he’s divested from $Bitcoin (BTC.CC)$ and $Ethereum (ETH.CC)$ and bought a farm and boat with the spoils. He then coaxed doubters of his crypto market analyses to go all in on their anti-Cramer positions.
Jim Cramer Says He Bought a Farm With Bitcoin Profits—And Dares You to Bet Against Him
According to an SEC filing from earlier this week, Tuttle Capital Management has applied to launch two exchange-traded funds—the Inverse Cramer ETF (SJIM), and the Long Cramer ETF (LJIM)—that will put an investor’s funds towards the opposite of whatever the outspoken television personality advises on his CNBC program “Mad Money,” and via his Twitter account.
“The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by engaging in transactions designed to perform the opposite of the return of the investments recommended by television personality Jim Cramer (“Cramer”),” the SEC filing reads. “Under normal circumstances, at least 80% of the Fund’s investments is invested in the inverse of securities mentioned by Cramer.”
$Coinbase (COIN.US)$ $Robinhood (HOOD.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
6
+0
3
Translate
Report
45K Views
415Followers
9Following
2151Visitors
Follow