Jim Cramer Says Avoid Crypto, Stick With Gold for ‘Real Hedge’ Against Inflation and Economic Chaos – Economics Bitcoin News
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The host of Mad Money, Jim Cramer, has advised investors to avoid crypto and stick with gold if they “seriously want a real hedge against inflation or economic chaos.” He added that bitcoin is too volatile to use as a currency. “Imagine business owners trying to conduct transactions with shares of Facebook or Google … it’s ridiculous,” he stressed. Jim Cramer Prefers Gold to Crypto The host of CNBC’s Mad Money show, Jim Cramer, gave some investment advice regarding gold and cryptocurrencies on Monday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
Famous financial commentator Jim Cramer, in his statement on CNBC screens, recommended investors to buy Bitcoin (BTC) and Ethereum (ETH). Cramer considered these two crypto assets as a hedge against the rapidly rising national debt of the United States. “Get some protection for yourself against the $37.8 trillion debt,” Cramer…