So this is why I am fixated on needing to own crypto, because I fear a massive amount of inflation, and I don’t have. “I mean people talk about like crypto gets hacked or whatever, you know what’s really bad? It’s when your kids can’t find your gold. Speaking with Pompliano, Cramer said he is drawn to Bitcoin by its demonstrated ability to rise in value while also acting as an inflation hedge. Most investors view safe-haven assets like gold as the go-to hedge against inflation, but they do not invest in these assets expecting immense returns. Most claimed that cryptocurrencies were ponzi schemes, scams, or unsustainable, but this narrative began to shift in April 2019 when the digital asset recovered from lows in the sub-$4k range.
Since the lead up to Bitcoin’s 2017 bull run, CNBC, Bloomberg and institutional analysts have been extremely critical of the digital asset. The famed investor drew comparisons between BTC and gold and cited the importance of hedging against inflation.ĭuring a podcast with Anthony Pompliano, Cramer said he would “take a shot at that with 1%.” Recently, Jim Cramer, the host of CNBC’s Mad Money, says he might invest 1% of his net worth in Bitcoin ( BTC).
Mad Money’s Jim Cramer Invests 1% Of Net Worth In Bitcoin Says, “Gold Is Dangerous”ĬNBC Mad Money host Jim Cramer plans to invest 1% of his net worth in Bitcoin because “gold is dangerous.” Mad Money’s Jim Cramer Will Invest 1% Of Net Worth In Bitcoin Says, “Gold Is Dangerous”
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