Jim Cramer Supports the Idea of Holding Cryptos
Jim Cramer, host of CNBC’s Mad Money, has endorsed the notion of cryptocurrency ownership as a safeguard against rising national debt, though he admitted there’s no solid proof that crypto can offer any real protection.
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Jim Cramer, host of CNBC’s Mad Money, has endorsed the notion of cryptocurrency ownership as a safeguard against rising national debt, though he admitted there’s no solid proof that crypto can offer any real protection.
Cramer cast doubt on the government’s chances of resolving the debt problem soon, pointing to the tough, unpopular choices—like tax increases or spending cuts—that such a solution would require. The conversation, predictably, shifted toward cryptocurrencies.
I think bitcoin, ethereum and maybe even some other cryptocurrencies deserve a spot in your portfolio, too,
Cramer stated, while adding that his opinion on the matter could change in the future.
Jim Cramer is a divisive figure, loved by some and mocked by others. In the crypto world, his financial pronouncements frequently spark jokes, with the “Reverse Cramer Strategy” becoming a tongue-in-cheek method for making predictions.
Take November 21 as an example: Cramer praised Bitcoin when it was close to hitting $98,000. Just days later, its value dropped below $91,000, fueling another wave of chatter across the crypto community.
Jim Cramer has cemented his status as a household name in both finance and entertainment. Check out our exclusive article to explore his biography, market predictions, memorable remarks, and other captivating insights.
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