He is making a TV show in quite a flippant way for the sake of open entertainment & easy popular interest, I think its useful that he is reflecting the wider market fears and hopes. I do watch Cramer or at least clips of it (just like I follow every mainstream news site etc) and his best spots is where he explains an opinion ideally via an independent source/guess who reflects data with volume on the chart. Its harder to chart BTC because its a split market, by design its not got a centralized exchange to decide volume on precisely.
I just dont buy he was ever especially involved, he'd understand slightly better or at least comprehend great volatility is the norm in this area. He'd be lost trading various commodity markets also, they can half and still be bullish because they are volatile. Either he or his script writer didnt want to consider that.
A useful bellwether anyway, isnt that media overall. They write a report of whats just happened in a market where you are trading a future value most often.
My only wish is he does not declare that he has bought bitcoin until price is on $50k.
lol a smart man would step back, just hold but he cant just be quiet and do that I guess.