CNBC host Jim Cramer believes that people should not be discouraged from investing in cryptocurrencies until they realize the risks associated with them.
CNBC host Jim Cramer shared his current stance on cryptocurrencies in a recent interview, claiming that people may be tempted to invest in the nascent asset class until they see it as a safe investment. should be free.
The famous stock picker said, “It’s not Coca-Cola, it’s not Apple.”
Cramer claims that crypto should be only a small part of one’s portfolio. He personally does not recommend allocating more than 5% to cryptocurrencies.The “Mad Money” host sees Bitcoin and Ethereum as the “most legitimate” cryptocurrencies.
As U.Today reports, Cramer has repeatedly criticized the meme cryptocurrency Dogecoin. In January, he suggested that a bitcoin parody could be an unregistered security.