- Jim Cramer warns of a potential 1987-style Black Monday crash today.
- Bitcoin experts see the market panic as a historic buy signal.
- Despite fears, crypto bulls remain optimistic about Bitcoin’s recovery and long-term prospects.
“Mad Money” host Jim Cramer warned investors late last week that another major market crash could unfold today, Monday, April 7th, comparing current volatility to 1987’s Black Monday plunge.
His warning followed a brutal week where tariff fallout wiped trillions from global stocks.
Why is Jim Cramer Warning of a Crash Today?
Cramer pointed to the severe market reaction following President Trump’s tariff implementation, which saw the Dow lose over 2,200 points last week and global equities shed a reported $6.5 trillion Thursday and Friday alone. He cautioned that without government intervention to mitigate the economic damage, a crash mirroring the 1987 meltdown (when markets fell 22% in a day) is a real possibility as US markets reopen.
Cramer outlined three dangerous potential paths: a fast COVID-style bear market, a prolonged dot-com-like tech crash, or the full 1987 scenario, stating, “we’ll know by Monday.”
Related: Robert Kiyosaki: Bitcoin is the Answer as Financial Collapse and US Recession Begin with $6.4T Loss
What Does the ‘Inverse Cramer Rule’ Signal for Bitcoin?
While Cramer voiced extreme caution, many in the crypto space interpret his bearishness as a potential bottom signal, invoking the “Inverse Cramer Rule.”
This popular sentiment suggests that peak fear expressed by mainstream commentators like Cramer often coincides with market lows and buying opportunities. Crypto influencer Ash Crypto echoed this on X, declaring “The Biggest Bottom Signal is here” in response to Cramer.
This view suggests the market-wide fear Cramer reflects indicates lows may be forming, presenting a potential accumulation window, particularly as Bitcoin tumbled below $77,000K since last week’s dip below $80,000.
Did Cramer Offer Any Glimmer of Hope?
Despite the dire warning, Cramer acknowledged recent positive U.S. employment numbers, suggesting a recession isn’t inevitable even if a crash occurs.
Related: Ignore Tariff Noise: Pal & Coutts Point to Liquidity as the Key Bitcoin Driver
However, he stressed the need for immediate policy action from both the U.S. government and Europe to stabilize the situation created by the ongoing tariff tensions.
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