On a recent Mad Money segment, Jim Cramer, former hedge fund manager, recommended owning bitcoin (BTC) directly rather than investing in its largest public holder, MicroStrategy.

“If you want to own bitcoin, just own bitcoin,” Cramer advised during his Monday broadcast. “Bitcoin is a fantastic asset to have in your portfolio, and I own bitcoin myself. You should too.”

However, Cramer was quick to clarify that he would not recommend investing in MicroStrategy, which currently holds over 417,000 BTC, worth more than $48 billion at current prices. He did not provide specific reasoning for his stance on the company.

This statement could be seen as contradictory by some, given that Cramer’s recommendations often tend to move in the opposite direction of the broader market. Investors have historically interpreted Cramer’s remarks as a signal for contrarian bets.

Notably, Cramer’s comments on bitcoin in January 2024 were that the cryptocurrency was nearing its peak and that investors should exit. Since then, bitcoin has surged by more than 100%.

As of Monday morning, BTC was trading around $103,000, up 4% from the previous day, continuing its bullish trend.