'I would never discourage you from buying crypto,' said Jim Cramer. cryptocurrency bitcoin $BTC
The host of Mad Money, Jim Cramer, has some advice for cryptocurrency investors. “I would never discourage you from buying crypto,” he said, adding that he himself owns ethereum.Jim Cramer, the host of Mad Money, gave some advice regarding cryptocurrency investing on CNBC Make It Wednesday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.I can’t tell you not to own crypto. I own crypto. I own ethereum.
While noting that crypto is speculative, he said it is okay to invest in speculative assets. However, he stressed, “You must admit that it’s speculative,” emphasizing: “Don’t put it in the Procter & Gamble class. It’s not Coca-Cola. It’s not Apple.”5% of portfolios in cryptoWhile he admitted that he has no idea what the value of crypto will be, he acknowledged that many people have made a fortune with crypto.
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