Jim Cramer Issues Urgent Market Warning as Bitcoin Plunges

its seven consecutive month in the green for the first time since 2012 and closed a monthly candle above the peak of the previous cycle. Some are speculating about whether or not Cramer's tweet is simply an April Fool's joke.

Other users have started mocking the analyst's predictive power, arguing that his social media posts should be treated as contrarian indicators. Last year, Tuttle Capital Management even decided to launch the Inverse Cramer exchange-traded fund, which would bet against the calls made by the controversial financial commentator. However, Cramer still got the last laugh since the ETF was forced to shut down in January after recording a negative 15% return. The S&P 500 index, which tracks the performance of major companies listed on US stock exchanges, notched yet another all-time high of the year, surging to 5,250.

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