In a surprising turn of events, former hedge fund manager and CNBC’s Mad Money host, Jim Cramer, has shifted his outlook on Bitcoin (BTC). Cramer, who was previously bearish on the future of Bitcoin just three months ago, has now declared that the largest cryptocurrency in the world is “here to stay.” Cramer voiced his revised take on Tuesday morning, as anticipation builds over the U.S. regulatory approval of a spot ETF and Bitcoin’s price escalates past $45,000 for the first time in nearly two years.

Cramer stated in his conversation with CNBC’s David Faber, “This thing, you can’t kill it. Bitcoin is a technological marvel and I think people need to start recognizing it’s here to stay.” He also critiqued the late Charlie Munger, a renowned Bitcoin critic, as being “blind to this.”

However, it’s interesting to note the change in Cramer’s perspective. Just a few weeks ago in early October, during the Sam Bankman-Fried trial, he asserted he wasn’t interested in investing in the cryptocurrency due to his belief that “Mr Bitcoin is about to go down big.” Further, Cramer disclosed that he sold off majority of his Bitcoin holdings in 2021 in the wake of the China mining crackdown.

Still, it should be noted that Cramer has yet to transition into a full-on Bitcoin bull. He cautioned investors that not every individual involved in the crypto market is in it for the long term. He also suggested that the eagerly awaited spot ETF approvals could actually result in a “sell the news” reaction. His stance prompts a reminder that while Bitcoin’s tech marvel is captivating, the market remains complicated and unpredictable.