When Bitcoin (CRYPTO: BTC) hit the panic tape, Jim Cramer hit the TV. That’s the problem.

On Friday, Bitcoin slid to $60,000 — down 52% from its October peak with more than $1.2 trillion in value wiped out. Within hours, Cramer went on CNBC and urged viewers to “cover,” claiming — without evidence — that Washington was about to “fill the Bitcoin Reserve” at that level.

To George Noble, former aide to Peter Lynch, that wasn’t analysis. It was theater.

What Cramer Said Vs. What’s Real

Cramer offered no source, no document, no data — just “I heard.” Noble countered with facts.

Treasury Secretary Scott Bessent testified on Feb. 5 that the U.S. government has no legal authority to buy…

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