CNBC TV host Jim Cramer has taken an indirect jab at Ark Invest founder Cathie Wood as Bitcoin’s (BTC) brutal November downturn shows no signs of easing.
At press time, Bitcoin was trading at $83,706.66, down 8.2% in 24 hours and marking its lowest level in seven months.
According to data from Coinglass, crypto liquidations totaled $2.19 billion overnight, with Bitcoin alone accounting for $1.12 billion.
Related: Bitcoin losses hit levels last seen during FTX collapse
The sell-off began after the United States “missed” its October jobs report, sparking a global retreat from risk assets.
Bloomberg analyst Mike McGlone warned that Bitcoin’s structure now resembles its 2018 breakdown, saying the chart looks similar to the last major unwind.
He projected the price could fall as low as $10,000.
On Nov. 21, Cramer aimed at what he called “consistent bullish crypto cheerleaders,” predicting Bitcoin will reach $1 million by 2030.
He wrote:
“The consistent bullish crypto cheerleaders are due for a full-court press using claims of $1 million per bitcoin in 2030, or some other magical nonsense. They need to defend themselves as they always do. Saylor due for multiple appearances. I will ChatGPT what Saylor will say today!!”
While Cramer did not mention any names, the reference to Ark Invest’s Wood was clear. Wood has long forecast that Bitcoin’s limited supply and growing institutional adoption could send it to $1 million by 2030.
Apart from Wood, Donald Trump’s son Eric Trump has also famously predicted that Bitcoin would reach a million dollars.
While Wood remains “extremely bullish” on Bitcoin, her firm also revised its prediction earlier this month.
On Nov. 6, appearing on CNBC, Wood mentioned that her firm lowered its 2030 bull case from $1.5 million to $1.2 million.
The revision was due to the increasing adoption and popularity of stablecoins like USDT by Tether and USDC by Circle.
Analysts and traders have also singled out Strategy (NASDAQ: MSTR) CEO Michael Saylor, another Bitcoin maximalist.
His firm, which holds 649,870 BTC at an average price of $74,433, has fallen 40% over the past month and 68% below its all-time high.
A JPMorgan note suggested MicroStrategy could be dropped from the MSCI USA Index if its Bitcoin exposure remains above 50% of total assets.
Just one day before Cramer’s post, Ark Invest added $39.6 million in crypto-related equities. On Nov. 19, as per an email, the firm bought the following:
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463,598 shares of Bullish (BLSH), valued at $16.9 million,
The purchases span Ark’s ETFs: Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF).
Related: Cathie Wood backs down on $1.5M Bitcoin price prediction
This story was originally reported by TheStreet on Nov 21, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.