TV personality Jim Cramer tweeted that he bought a farm with Bitcoin earnings and a boat with Ether. Cramer dared people to bet against him adding "You do not do this for 42 years and lose money every year." In an earlier tweet, the CNBC Mad Money host said he always welcomes people betting against him.
As far as crypto, same: i bought a farm with my Bitcoin winnings, all announced, and i bought a boat with Ethereum. All announced. Everything disclosed. I WANT you to bet against me. You do not do this for 42 years and lose money evert year.— Jim Cramer (@jimcramer) October 7, 2022
Cramer's tweets came after two exchange-traded funds linked to his name were filed with the SEC on October 5 by Tuttle Capital Management.
According to the filing, the financial advisor plans to launch Inverse Cramer ETF (SJIM), and the Long Cramer ETF (LJIM) to offer investors to put their money towards the opposite of whatever Cramers says at his program or on Twitter.
Commenting on the crypto market, Cramer expressed different opinions. Previously, he said everyone should buy Bitcoin, but after the recent market crash, he changed his mind.