Twitter-famous crypto dealer AIgod has introduced a smile to the neighborhood after saying he’s doubled his “Inverse Cramer” portfolio in only a month by “merely” inverse buying and selling in opposition to CNBC’s Mad Cash host Jim Cramer.

In his newest tweet on Aug. 22, the dealer, who grew to become well-known on Twitter for pre-empting the autumn of Terra Luna’s collapse earlier this yr, stated he has simply flipped to a protracted place on his inverse Jim Cramer account following a bearish tweet from Cramer in regards to the state of the Nasdaq.

Was a bit late however flipped lengthy on the Cramer account, Jim bearish on Nasdaq is nice indicator for crypto

Commerce on decentralized derivatives right here: https://t.co/z7XBNybcRr (should you use leverage do it responsibly) https://t.co/yr1iDSzROf pic.twitter.com/u9QdlbIFcb

— Algod (@AlgodTrading) August 23, 2022

Earlier in the identical day, Algod introduced the inverse Cramer account had “formally doubled” for the primary time, reaching a web worth of $101,440.71, up from a starting quantity of $51,470.56 on July 19 when he used 35 ETH as collateral.

In keeping with his newest Tweet, AIgod’s inverse account reveals $97,007.62 in web worth, representing a whopping 88.47% return on his preliminary funding.

Jim Cramer is a former hedge fund supervisor who hosts CNBC’s Mad Cash. He’s well-known within the finance world, however some within the crypto neighborhood imagine it could be wiser to guess in opposition to his crypto and inventory picks.

The “Inverse Cramer” has turn into one thing of a meme after a motion began on Reddit and Twitter pushing a easy thought. If Cramer says to promote a inventory — purchase. If he recommends shopping for a inventory — promote.

There’s additionally an Inverse Cramer ETF Twitter account with over 84,900 followers, which is “monitoring the inventory suggestions of Jim Cramer so you are able to do the alternative”.

Some folks work a 9-5 job, i merely simply countertrade Cramer

it is not a lot however trustworthy work

— Algod (@AlgodTrading) August 22, 2022

AIgod has turn into well-known throughout the crypto house following a $1 million bet between him and Terraform Labs CEO Do Kwon, during which AIgod claimed that in a single yr the worth of Terra’s LUNA token would fall under its present worth of $88 ranging from Mar. 14, 2022.

Lower than two months later, Luna fell from its all-time excessive of over $120 to only $0.84.