Gold is dangerous’: Why Jim Cramer will invest 1% of net worth in Bitcoin

Gold is dangerous’: Why Jim Cramer will invest 1% of net worth in Bitcoin

Gate Trade News Wednesday, September 16, 2020 15 0

CNBC Mad Money host Jim Cramer plans to invest 1% of his net worth in Bitcoin because “gold is dangerous.”

 

Recently, Jim Cramer, the host of CNBC’s Mad Money, says he might invest 1% of his net worth in Bitcoin (BTC). The famed investor drew comparisons between BTC and gold and cited the importance of hedging against inflation.

 

During a podcast with Anthony Pompliano, Cramer said he would “take a shot at that with 1%.”

 

Since the lead up to Bitcoin’s 2017 bull run, CNBC, Bloomberg and institutional analysts have been extremely critical of the digital asset.