• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»Crypto»Jim Cramer returns to talk about investing in crypto
Crypto

Jim Cramer returns to talk about investing in crypto

Donald MunnBy Donald MunnJune 11, 2022Updated:September 29, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Jim Cramer, during an episode of the Mad Money program on CNBC, returned to talk about investing in crypto.

Investments in crypto according to Jim Cramer 

crypto bitcoin investmentsSome tips on investing in crypto from Jim Cramer

American financial guru Jim Cramer, former hedge fund manager and now regular guest on Mad Money on CNBC and host of Squawk on the Street, returned to talk about cryptocurrency investments during a recent episode of Mad Money.

The financial expert, who was allegedly converted to cryptocurrencies by renowned crypto investor and influencer Anthony Pompiliano, specified that he himself is in possession of cryptocurrencies and specifically Ether.

Cramer began by saying:

“I think crypto should be part of a person’s diversified portfolio,” he began, elaborating: I can’t tell you not to own crypto. I own crypto. I own Ethereum”.

At the same time, however, he also warned of the risks associated with the volatility of cryptocurrencies, thus advising people to invest no more than 5% of their capital in them. He also explained the origin of his purchase in cryptocurrencies, and specifically in ETH. 

His intention was to purchase an NFT for a charity. 

In this regard, Jim Cramer observed:

“But, they wouldn’t let me do dollars. I had to buy it in Ethereum, so I researched it, and it’s got some qualities I like: scarcity value, not as hot — so to speak — as bitcoin (BTC). So, I bought it”.

Several investment tips in general

His recommendation was then to allocate a portion of capital towards preserving assets, such as gold for example, and also cryptocurrencies, thus seen more as an anti-inflationary tool and not as an actual stock.

This theory had already been elaborated in a speech two months ago when he said that to hedge against the risk of inflation, Bitcoin and Ethereum could be considered as valid instruments on a par with gold.

However, during the episode of Mad Money two days ago, Cramer warned that investors should not borrow money to buy cryptocurrencies. 

He then concluded:

“Borrow for your house, borrow for your car — but don’t borrow for crypto. I would never discourage you from buying crypto because of all the fortunes that have been made there, and how it could make a whole new group of people fortunes … I’d like that to be you”.

The post Jim Cramer returns to talk about investing in crypto appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Japan: tax breaks proposed for crypto investors

September 1, 2022

Bitcoin may have hit its low after Powell’s speech

September 1, 2022

Ripple’s plans to tokenize land in Colombia did not take off

September 1, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.