Mad Money host Jim Cramer, a long-term gold proponent, says that gold has let him down. He has become more bullish on bitcoin, advising investors to put 5% of their portfolios in the cryptocurrency to protect their assets.
Jim Cramer Reduces Gold Holdings, Increases Bitcoin Allocation
In an interview published Monday with Morgan Creek Digital partner Anthony Pompliano, Jim Cramer talked about his new investment strategy for bitcoin and gold. Cramer is the host of Mad Money on CNBC, a former hedge fund manager, and a co-founder of, a financial news and literacy website.
Emphasizing that bitcoin is what he had been searching for with gold, Cramer opined:
I have, for years, said that you should have gold … but gold let me down. Gold is subject to too many vicissitudes. It’s subject to mining issues. It’s frankly subject to failing in many cases.
The Mad Money host became interested in bitcoin after Pompliano explained the benefits of the cryptocurrency to him in September last year. At the time, Cramer revealed that he owned “so much gold.” He became fixated with BTC in fear of massive inflation and he subsequently invested in the crypto. He explained that his investment strategy was to regard “bitcoin as a precious stock.”

Story continues on

Related posts
BitcoinBitcoin (BTC)Bitcoin.comcrypto assetsDigital Currenciesdigital subscriptionsJulia LaRocheKeith GrossmanNewsNFTNon-fungible artworkNon-fungible TokenTimetime magazine

American News Magazine Time to Accept Crypto for Subscriptions, Firm Auctions 3 NFT Covers

The American news magazine Time has revealed it is getting into the cryptocurrency and blockchain space, as a new job listing shows the 98-year-old publication is in search of a chief financial officer (CFO) who understands bitcoin. Additionally, Time will…
Anthony PomplianoBitcoinCointelegraph.comgoldJim Cramer

Bitcoin made me a 'ton of money' unlike stocks and gold — Jim Cramer

The CNBC host publicly thanks Anthony Pompliano after he made serious returns on a $500,000 BTC investment. CNBC host Jim Cramer has revealed he made “a ton of money” on Bitcoin (BTC) but gold “let him down.”In an episode of…
Bitcoin banBitcoin.comblock ip addressesCrypto banCrypto ExchangesCrypto regulationCryptocurrency Regulationindia ban bitcoinindia bans cryptoIndian GovernmentregulationVPN

Indian Government May Block IP Addresses of Crypto Exchanges

As the Indian government prepares to introduce the cryptocurrency bill, there are reports that it is considering blocking the IP addresses of cryptocurrency exchanges. Despite ban reports, many people in the Indian crypto community believe that the government will not…