Jim Cramer's recent endorsement of Bitcoin as a 'winner' has coincided with a significant drop in its value, leading to widespread discussion and criticism on social media. Following his bullish comments, Bitcoin's price fell from a high of nearly $99,000 to around $92,000, resulting in a market cap loss of approximately $100 billion. The odds of Bitcoin reaching $100,000 by the end of November have plummeted from 88% to as low as 15%. Despite the backlash, Cramer has defended his stance, citing concerns over the U.S. national debt and suggesting that cryptocurrencies like Bitcoin and Ethereum could serve as a hedge against economic instability. This has fueled the narrative of the 'Inverse Cramer' effect, where his market predictions often seem to inversely correlate with market movements. Cramer's comments have triggered $344 million in liquidations and he has expressed frustration over the criticism, while also admitting to owning Bitcoin.