Every time Jim Cramer writes something on the markets, I’m curious to read it regardless of how much criticism he faces.
A well-known figure on Wall Street, Cramer is a former hedge fund manager who now hosts “Mad Money” and “Squawk on the Street” on CNBC.
No matter how much he is attacked for his views, he does not hesitate to share what is on his mind. So when he issues a clear warning after the Bitcoin (BTC) crash, I know it’s crucial to understand his perspective.
On January 31, Bitcoin fell below $80,000 in the worst price drop since April 2025. In fact, the leading cryptocurrency fell as low as $74,591.71 on February 1.
Saylor used the opportunity to take care of co-founder and executive chairman of the Bitcoin and Strategy enthusiast (Nasdaq: MSTR) Michael Saylor.
Related: Jim Cramer gives clear Bitcoin warning amid Greenland tensions
Saylor is well known for his bullish support for the major cryptocurrency regardless of the ups and downs. He founded MicroStrategy as a software company in 1989.
When he came across Bitcoin during the coronavirus pandemic in 2020, he decided to acquire it to add to the company’s balance sheet. Last year, the company was rebranded to Strategy.
It is now the world’s largest digital asset treasury (DAT) dedicated to Bitcoin. The way other publicly listed companies keep cash or other assets on their balance sheets, DAT keeps cryptocurrencies like Bitcoin on its balance sheet.
Last week’s crash didn’t deter Strategy from buying Bitcoin. During January 26-February. 1, the company bought 855 BTC worth $75.3 million.
On February 2, Cramer wrote an X post in which he asked if Saylor has “some dry powder,” wondering if the Strategy co-founder has enough liquid money to acquire more Bitcoin.
Well, Saylor certainly bought BTC last week.
However, Cramer asked “Saylor and his acolytes” for BTC to rise from the $77,000 range to at least $83,000 by February 7.