JIM CRAMER BEARISH ON BITCOIN AS CROWD CAPITULATES ON CRYPTO WHICH MAKES ME BULLISH!

**Tony Edward** (0:05)
Hey everyone, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five-star rating and review. All right, folks, we of course have to start with the price because Bitcoin today actually went lower than its low it's set in February, right? After the major dump that we saw down from December into January and February. But guys, if you look at the RSI in the daily chart, this is just the metrics. This is by the textbook now. It's not my feelings or emotions. This thing is so oversold. In fact, it is more red than what we saw in February. I remember what the sentiment was in February. So it is brutal out there, folks. The sentiment is in extreme fear. The MVRV is showing that the 30-day traders, they are underwater big time. It's coming to levels that we saw in February. Now, February did have a deeper hole, but man, it is so bad out there. It's so bloody. But this is where I get bullish because I want to do the opposite of the herd. And in what we talk about the herd, guys, Jim Cramer is out there on TV and on X saying who murdered Bitcoin. Michael Saylor murdered Bitcoin. Those are the exact words he's using. So he's putting that narrative out there on multiple fronts on TV, on social media. And that is a big contrarian signal, right? This is where we want to be bullish guys. And in fact, I'm buying, I'm buying Bitcoin, even if it's just a swing trading, because I don't think the move that's coming next, which I think it's going to be a strong one because it's so oversold, it's so bloody out there. And I don't think it's a move to new all time highs. I think it's the same type of setup relief rally, right? Because we're still in that four year cycle until the market shows us that it's going to break that we have to stick to that thesis. But I think a strong reversal is coming and I think all coins are going to follow. Now, are there any guarantees here and certainties? Of course not. We're talking probabilities. But we can at least go off the data and the metrics. And I think many of you who know the RSI and that's a strong signal that we have to look at. We have to look at sentiment and all these things are aligning up where the herd, the crowd is bearish. They feel it's over for Bitcoin and crypto. And look at this, Dave Portnoy, who we know comes in and out of crypto.
I don't take financial advice from Dave Portnoy, but obviously I look at people of his caliber, which have huge followings. He has 3.8 million followers on X and he's well known on social media. Right. So he says Bitcoin and crypto are making me sad. So we are seeing capitulation. We're seeing fear. We're seeing people giving up. We're seeing Cramer put out the worst narrative out there. Bitcoin has been murdered by Michael Saylor, a micro strategy, and my OG subscribers and listeners, even those of you who you just started listening to me, but you've been in markets for a while. Guys, this is so bullish. I know some of you will say Tony, what are you smoking? Give me some of that. But I am telling you, I've seen this many times before, being here since 2016 It's the same story over and over and over. Once the herd gets fearful, that's a time to turn bullish. And like I said, I am buying the DIP here. Now, that's not financial advice. Obviously, do your own research, but I hope you understand the market principles. Even Warren Buffett said it, when others are greedy, you want to be fearful. When others are fearful, meaning the crowd is fearful, that's when you want to be greedy. So I'm getting greedy right now. And yes, I have to be patient. Yes, I have to have the macro view. But I'm going to look to do a swing trade here for Bitcoin and some of these altcoins, buy the DIP, sell the RIP. Now, here's something that I did not have in my 2026 Bingo card. Former President Joe Biden's son, Hunter Biden, says, Fiat is a sham, the banking class is corrupt, decentralized digital currency and blockchain are the inevitable future.
I did not expect this to come from Hunter Biden. It's so funny. But again, I don't take financial advice from these guys, right? But it's so interesting to see people from all walks of life are recognizing crypto and blockchain technology. Now folks, look at this news. Jamie Dimon and the banks are fighting hard. So JPMorgan, Citibank and major US banks to launch a new tokenized deposit system to compete with crypto.