Elon Musk revisited an old interview from 2010 in which he labeled CNBC’s Jim Cramer a “counter-indicator,” a term that has since gained meme status in the cryptocurrency community when someone talks about the renowned analyst.
Elon Musk revisited an old interview from 2010 in which he labeled CNBC’s Jim Cramer a “counter-indicator,” a term that has since gained meme status in the cryptocurrency community when someone talks about the renowned analyst.
Musk, who has a penchant for engaging with and even creating memes, jokingly referenced the interview with a recent tweet that read “Inverse Cramer.” This comes after Cramer’s latest Bitcoin forecast, where he suggested that a possible reversal was imminent. His prediction was met with skepticism, as the financial personality has become famous for his calls that are often perceived by the crypto community to lead to the opposite result.
Elon Musk is known for his influential tweets that have greatly influenced the market in the past, he seems to enjoy participating in the vibrant and sometimes irreverent culture of the industry. His actions usually have a substantial effect on the prices of different assets. The most recent example is the TROLL meme coin, which gained thousands of percent in value.
Cramer’s recent decision on Bitcoin, which turned out to align with the actual market movement, is a rare occurrence that contradicts the usual trend where his predictions become fuel for meme creators due to their gross inaccuracy.
Elon Musk’s involvement in cryptocurrency meme culture is not new. He previously influenced the market with his tweets about Bitcoin and Dogecoin, directly affecting the prices of those two assets.
Unfortunately, Musk’s favorite meme coin, Dogecoin, has not received much attention from the billionaire, which is reflected in the DOGE chart. It has been showing extremely poor performance amid the bullish reversal across the market.
