Bitcoin and several cryptocurrencies should be in your portfolio.
Speaking on CNBC's Mad Money program, Jim Cramer made striking statements about cryptocurrencies.
Jim Cramer, who said cryptocurrencies had no value in the past, has been making intense buying recommendations in recent days.
Cramer, who presents the program Mad Money on CNBC, stated in the episode broadcast on November 26 that investors should include Bitcoin, #Ethereum and several cryptocurrencies in their portfolios. Cramer claimed that the US national debt was the most important buying signal.
US national debt is an important indicator for #Bitcoin
Market commentator Jim Cramer said that Bitcoin should be included in an investor's asset basket. After Cramer's statements, the $BTC price lost 2 percent of its value. The crypto community made fun of Cramer by saying that he was a reverse indicator.
Cramer said that the US national debt, which has exceeded $36 trillion, is growing like a balloon. The famous presenter pointed to cryptocurrencies as a precaution against the budget deficit.
Cramer used the following statements; “I think Bitcoin, Ethereum and maybe some cryptocurrencies should be in your portfolio. Maybe one day, if the national debt is brought under control, I will change my mind.”
Cramer, who said that he has loved crypto for a long time in his program, predicted that record levels will be seen once again.
Cramer noted the following; “I believe in cryptocurrencies because I know that there is a large investor base that wants to buy something to protect from our government's bankrupt budget.”
Cramer, who argued that it is meaningless for the community to criticize him, reminded that he has been recommending gold and Bitcoin for years and that both assets have reached record levels.