| | ‘A Big Deal’—Is This The Real ‘Wild’ Reason The Bitcoin Price Has Suddenly Bounced Back From Its Crash?
By Billy Bambrough,
Senior Contributor. Forbes
I write about how bitcoin, crypto and blockchain can change the world.
Feb 08, 2026, 08:10am ESTFeb 08, 2026, 08:12am EST
Bitcoin has swung wildly this week, losing $10,000 in just a matter of hours as “panic” wiped out the gains it made following U.S. president Donald Trump’s 2024 election victory.
The bitcoin price hit $60,000 per bitcoin, down more than 50% from its October 2025 peak of $126,000, before rocketing back to climb over $70,000 just 24 hours later amid wild China crypto speculation stoked by U.S. Treasury secretary Scott Bessent.
Now, as fears the bitcoin price could crash back again continue to swirl, CNBC host Jim Cramer has sparked “wild” rumors the Trump White House bought the dip.
“I heard at $60,000, is going to fill the bitcoin reserve,” Cramer, CNBC’s legendary host of Mad Money said live on air in a clip that has since gone viral and referring to Trump’s U.S. bitcoin strategic reserve that he created with an executive order last year and is currently stocked with bitcoin that has been seized by U.S. law enforcement.
“You better cover, this is the level," Cramer said. “That would be a big deal,” one of Cramer’s cohosts added.
"This is wild," self-described bitcoin historian, former Coindesk editor in chief and founder of BitcoinTreasuries.net, Pete Rizzo, said alongside the clip in an X post that racked up almost 200,000 views on the platform
The same Cramer clip shared by X crypto and finance news account Watcher.Guru has been viewed more than 1.1 million times while a third crypto commentary account called the clip "massive" and “bullish.”
“Jim Cramer claims he was told Trump admin was buying bitcoin for the U.S. strategic reserve during this week’s crash,” Shay Boloor, chief market strategist
with Futurum Equities, posted to X alongside the clip.
Elsewhere, the X account of the prediction platform Kalshi posted that “Jim Cramer says Trump admin bought bitcoin last week," the Coin Bureau X account shared it and a widely-followed trading research account said: “This will be huge for bitcoin.”
‘A Big Deal’—Is This The Real ‘Wild’ Reason The Bitcoin Price Has Suddenly Bounced Back From Its Crash?
He's mentioned in the past that he has hedge fund buddies who spread a rumor through him and use it to manipulate the price. |
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