Jim Cramer is a popular figure in the world of stock market investing, and he has recently made some recommendations regarding cryptocurrencies. In this article, we’ll take a look at what Jim Cramer has said about various cryptocurrencies, as well as his general thoughts on cryptocurrency investments.
Cramer first got involved with cryptocurrency when he mentioned Bitcoin on an episode of Mad Money in late 2017. On that show, Cramer recommended investors to “stay away” from Bitcoin because it was too volatile and unpredictable for most people. However, since then he has taken a much more positive view towards crypto investing; while still expressing caution due to its volatility and lack of regulation.
In 2018 and 2019, there have been several instances where Jim Cramer discussed specific coins or tokens during his segments on CNBC’s “Mad Money” or other shows such as “Squawk Box”. For example, back in March 2018 he had very positive things to say about Ethereum (ETH), recommending viewers buy it if they were looking for something with potential for massive price gains over time. Similarly in October 2019, he discussed Ripple’s XRP token saying that it could be one of the biggest winners among cryptos if banks start using it for international payments instead of traditional methods like SWIFT transfers. He also noted how low transaction fees make XRP attractive compared to fiat currencies like US dollars which often charge high fees for cross border payments.
Overall Jim Cramer is cautiously optimistic about cryptocurrencies in general but stresses the importance of doing your own research before investing any money into them given their highly speculative nature and lack of regulatory oversight. He believes there are plenty opportunities within the space but cautions investors against believing all claims made by promoters without careful examination themselves first – a sentiment shared by many experienced investors regardless whether they’re trading stocks or digital assets like crypto coins/tokens..
