According to Jim Cramer, crypto investors should focus mainly on Bitcoin and Ethereum and never borrow money to enter the ecosystem.
The American TV personality Jim Cramer argued that cryptocurrencies have a long-term value as they are decentralized assets that could go mainstream in the future. However, he recommended investors interact mainly with Bitcoin and Ethereum as they have captured the attention of broad society and “seem the most legitimate.”, the host of CNBC’s Mad Money show – Jim Cramer – described himself as a “believer” of digital assets, predominantly in Bitcoin and Ethereum.
“I can’t tell you not to own crypto. I own Ethereum. They wouldn’t let me do dollars. I had to buy it in Ethereum, so I researched it, and it’s got some qualities I like.” Subsequently, Cramer advised individuals never to borrow money to enter the crypto market as the asset class is significantly different than the majority of products:“Borrow for your house, borrow for your car — but don’t borrow for crypto. Don’t put it in the Procter & Gamble class. It’s not Coca-Cola, it’s not Apple.”Cramer has been quite indecisive on his crypto stance during the past few years.
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