Jim Cramer, known as the presenter of the CNBC MADEY program and the inverse indicator, made statements about Bitcoin. In his last statement, Cramer argues to have a BTC in a diversified portfolio.
The inverse indicator advised investors to buy Bitcoin!
In Mad Money program, a person looking for the program asked Jim Cramer to share his opinion on whether the audience should invest in Bitcoin or Microstrategy shares, the biggest public owner of BTC. Answering the question, Cramer, explaining that he was the owner of Bitcoin, signaled his confidence in the leading crypto currency. He advised the caller and other viewers to have Bitcoin.
Jim Cramer: Invest in Bitcoin, not Microstrategy shares!
The CNBC MONEY server described Bitcoin as a great asset for investment. He also stressed that it has made a valuable contribution to a diversified portfolio. However, Cramer, Bitcoin company Microstrategy’nin shares should not be preferred BTC, he said. In particular, his statement shows that he is against indirect investment in Bitcoin through Microstrategy shares.
Meanwhile, Microstrategy is a 471.107 BTC holding and Bitcoin’s largest public open owner. The asset, which he bought at a total price of $ 30.4 billion, is currently worth 48.38 billion dollars. Considering Microstrategy’s Great Bitcoin stash, BTC’s price movement usually affects the performance of its shares. For this reason, some investors tend to invest indirectly in Bitcoin, with Microstrategy shares. However, Cramer opposes this approach. As he states, he advocates not to have Bitcoin directly ‘, not’ Microstrategy ‘.
Cramer’s comment A mixed reactions have arrived!
Jim Cramer’s latest advice led to mixed reactions in the crypto community. While some crypto defenders appreciate him for supporting Bitcoin, others expressed his concerns about the call for investment by referring to the humorous ‘reverse cramer’ theory. The reason for this is that their predictions often act in contrast to the direction of the market.
Kriptokoin.comMad Money server, as you have followed, said Bitcoin will reach the summit on January 2024. For this reason, investors argued that they should leave their positions in BTC. Bitcoin was traded for $ 47,100. Since this estimate, Bitcoin has increased by more than 100 %and exceeded $ 100,000. Especially as of today, Bitcoin is traded for $ 102.625 with an increase of 3.4 %in the last 24 hours. Many investors predict that Bitcoin may experience a significant decline in the coming days based on the theory of ‘reverse Cramer’.
