news

bitcoin

1 X bitcoin bitcoin =

Monday

28 September 2020

Mad Money's Jim Cramer 'Fixated' on Buying Bitcoin, Fears Massive Inflation | News Bitcoin News

Mad Money's Jim Cramer 'Fixated' on Buying Bitcoin, Fears Massive Inflation | News Bitcoin News


smart summary beta

Jim Cramer, the Mad Money host and The Street co-founder, said he is “fixated” on needing to own bitcoin because he fears a “massive amount of inflation.” While he owns “so much gold,” he is adamant about leaving a bitcoin inheritance to his children.

“When you talk to your kids about it, you got to make sure it’s bitcoin not just crypto in general because bitcoin specifically has the inflation hedge – things that we’re talking about here.”.

Cramer admitted that when people asked him about bitcoin in the past, he said to them that he does not trade coffee, cotton, and bitcoin.

This is the first time in my life, and I’ve said it publicly, that I know we don’t have the money and that’s one of the reasons why I like gold so much.” However, he agrees with Pomp that the upside of bitcoin beats gold.

Cramer says he has some funds at Fidelity so it is likely the place he will go and buy bitcoin, mentioning that he could be doing dollar-cost averaging.

Cramer says that he is not worried about the price fluctuation of bitcoin since it will be part of his portfolio as an alternative asset for hedging purposes.

What do you think about Jim Cramer wanting to buy bitcoin.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2018