Jim Cramer's Bitcoin Warning: Calls for Rally as Price Tumbles, Saylor Buys Dip
Wall Street commentator Jim Cramer has issued a blunt assessment of Bitcoin's recent sharp decline, setting a near-term price target for the cryptocurrency while taking a pointed jab at one of its most vocal corporate proponents.
The flagship digital asset tumbled below the $80,000 mark on January 31st, marking its most significant single-day drop since April 2025, with prices briefly touching lows near $74,600. The sell-off has reignited debates about Bitcoin's inherent volatility and its role as a reliable store of value.
Cramer, the former hedge fund manager and host of CNBC's "Mad Money," took to social media platform X to question whether Michael Saylor, co-founder and executive chairman of MicroStrategy—now rebranded as Strategy—had "any dry powder" left to continue buying. His comments came as Strategy, the world's largest publicly traded corporate holder of Bitcoin, disclosed the purchase of an additional 855 BTC worth approximately $75.3 million during the market weakness from January 26 to February 1.
Undeterred, Cramer challenged "Saylor and his acolytes" to engineer a rebound, pushing Bitcoin from the $77,000 range back above $83,000 by February 7th. In a separate post, he cited analysis from strategist Jessica Inskip, suggesting the next critical support level for Bitcoin lies near $73,000. Cramer has previously criticized the asset's "unreliability" as a functional currency.
Strategy's aggressive treasury strategy, converting its balance sheet to hold Bitcoin akin to how traditional firms hold cash, has made it a bellwether for corporate crypto adoption. Saylor, who began the company's Bitcoin acquisition journey in 2020, has remained steadfastly bullish through market cycles.
At the time of writing, Bitcoin was trading around $78,771.
Sarah Chen, Portfolio Manager at Horizon Capital: "Cramer's call highlights the heightened sensitivity around key technical levels. While Saylor's conviction buying provides a narrative of institutional support, the market is clearly testing the depth of that commitment. The $73K support zone will be crucial for medium-term sentiment."
Marcus Thorne, Independent Crypto Analyst: "This is pure theater. Cramer's track record on crypto timing is notoriously mixed. Saylor's strategy is a long-term treasury reserve play, not about hitting arbitrary weekly price targets. Framing this as a personal challenge misunderstands the fundamental thesis entirely."
David Park, Retail Investor: "It's exhausting. One minute we're talking digital gold and macro hedge, the next it's about 'dry powder' and daily price mandates. This kind of sensational back-and-forth just adds noise and makes it harder for everyday people to understand the actual value proposition."
Rebecca Vance, Fintech Journalist: "The dynamic between high-profile commentators like Cramer and maximalists like Saylor is becoming a market signal in itself. Their exchanges often crystallize the broader debate between traditional finance skepticism and crypto-native conviction, moving beyond analysis into a clash of philosophies."
This story was originally published by TheStreet on Feb 2, 2026. Add TheStreet as a Preferred Source by clicking here.