bitcoin allocation, boom thesis, boomer, gold, Jim Cramer, jim cramer advice, jim cramer bitcoin, jim cramer crypto, jim cramer cryptocurrency, mad money, mad money bitcoin, mad money crypto

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 Thestreet.com, a financial news and literacy website.

Emphasizing that bitcoin is what he had been searching for with gold, Cramer opined:

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.â€

Cramer was then asked if he expects other investors will dump gold and buy bitcoin in the way he described. The Mad Money host exclaimed:

He clarified that he did not think about investing 5% of his portfolio in bitcoin until very recently, claiming that he has “thoroughly researched†the subject to come up with this recommendation. He admitted that he was skeptical because he had done fine with his gold but now realized that the only way to protect his assets, in terms of insurance, is with bitcoin.

Would you take Jim Cramer’s advice about bitcoin? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K

JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that […]

Xem chi tiết: JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K

2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

Members of the U.S. Federal Reserve and fellow bureaucrats have said that they are not worried about inflation levels and some officials have even encouraged a general increase in prices for goods and services. Despite the alleged statistics that say U.S. inflation is only 2% to 2.24%, reports show that Fed’s liquidity expansion has accelerated […]

Xem chi tiết: 2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description […]

Xem chi tiết: BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description […]

Xem chi tiết: BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

Soros CIO: Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize Bitcoin

Soros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary. She also says that bitcoin is taking some of gold’s buyer base away. Crypto’s ‘Inflection Point’ Soros Fund Management Chief Investment Officer (CIO) Dawn Fitzpatrick talked about […]

Xem chi tiết: Soros CIO: Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize Bitcoin

New Zealand Fund Invests 5% in Bitcoin— CIO Says You ‘Can’t Really Discount Bitcoin’

A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, ​bitcoin is also set to be featured in more of its Kiwisaver investment schemes within […]

Xem chi tiết: New Zealand Fund Invests 5% in Bitcoin— CIO Says You ‘Can’t Really Discount Bitcoin’

JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

JMP Securities has predicted that “$1.5 trillion of incremental capital†could flow into bitcoin, an amount greater than the cryptocurrency’s current market cap. The firm sees more wealth management companies following Morgan Stanley’s example to offer bitcoin to their clients. “Around $30 trillion of assets in the U.S. retail wealth management industry currently do not […]

Xem chi tiết: JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold

Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored by the Bank of International Settlements (BIS) on […]

Xem chi tiết: Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold

Mad Money’s Jim Cramer Says Gold Let Him Down, Put 5% in Bitcoin

Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold

Blackrock Executive Says Gold Now Less Effective Hedge Against Inflation

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

‘The Fed Is Trapped’- Erratic Bond Markets, Exhausted Supplies, Analyst Says Tsunami of Treasury Issuances Underway

Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could

Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin

From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing

Other Articles