Jim Cramer expressed concerns about a “cabal” artificially propping up Bitcoin above $90,000 and criticized derivatives. Richard Farr agreed, suggesting a “major marketing push” to maintain prices for leveraged players. However, Dave Weisberger disagreed, attributing recent Bitcoin volatility to early investors selling to more informed buyers.

Cramer’s post sparked sarcastic replies invoking the “Inverse Cramer” strategy, where investors bet against his recommendations. Cramer previously compared the current cryptocurrency market to the dot-com bubble of 2000, advising caution. He also advocated for Bitcoin as a hedge against the escalating U.S. national debt, expressing concerns about the economy’s future.

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Read more at Yahoo Finance: Jim Cramer Says He Likes Bitcoin, But Isn’t Fond Of The ‘Cabal’ Trying To Keep BTC Above $90,000