Whenever Jim Cramer writes something about the market, no matter how much criticism he faces, I read it with curiosity.
Cramer is a well-known figure on Wall Street, a former hedge fund manager and current host of CNBC’s “Mad Money” and “Squawk on the Street.”
No matter how much his views were attacked, he never hesitated to share his thoughts. So when he issued a blunt warning in the wake of Bitcoin’s (BTC) collapse, I knew it was crucial to understand his perspective.
On January 31, Bitcoin fell below $80,000, its worst price drop since April 2025. In fact, the leading cryptocurrency fell to $74,591.71 on February 1.
Saylor used the opportunity to take a dig at Michael Saylor, a Bitcoin enthusiast and co-founder and executive chairman of Strategy (NASDAQ: MSTR ).
Related: Jim Cramer issues blunt Bitcoin warning amid Greenland tensions
Thaler is known for his bullish support of leading cryptocurrencies, whether up or down. He co-founded MicroStrategy Software in 1989.
When he encountered Bitcoin during the 2020 coronavirus pandemic, he decided to acquire it to add to his company’s balance sheet. Last year, the company changed its name to Strategy.
It is now the world’s largest digital asset vault (DAT) dedicated to Bitcoin. DAT holds cryptocurrencies like Bitcoin on its balance sheet in the same way that other public companies hold cash or other assets on their balance sheets.
Last week’s crash didn’t stop Strategy from buying Bitcoin. Between January 26 and February 1, the company purchased 855 Bitcoins worth $75.3 million.
On February 2, Cramer wrote an X post in which he asked Saylor if he had “any dry powder,” wondering if the Strategy co-founder had enough liquid cash to buy more Bitcoin.
Well, Thaler definitely bought Bitcoin last week.
Nonetheless, Cramer called on “Saylor and his followers” to allow BTC to rise from the $77,000 range to at least $83,000 by February 7.
In another article, Cramer quoted strategist Jessica Inskip as saying that the next support level for Bitcoin lies near $73,000.
He earlier said the weekend’s crash showed the “unreliability” of crypto assets as “money.”
“I write this as someone who owns Bitcoin,” he added.
As of this writing, Bitcoin is trading at $78,771.20.
This article was originally published by TheStreet on February 2, 2026 and first appeared in the Markets section. Click here to add TheStreet as your preferred source.