bitcoin advice, bitcoin treasury, Elon Musk, Jim Cramer, jim cramer tesla, made money, MasterCard, Paypal, Tesla, tesla buying bitcoin

Mad Money host Jim Cramer has applauded Elon Musk and Tesla for their bitcoin investment. He said that Tesla, Paypal, and Mastercard are pushing bitcoin more into the mainstream. He believes that more companies should do more with their cash as Tesla did.

Jim Cramer on Tesla, Paypal, and Bitcoin

Jim Cramer shared his views Monday on bitcoin and Elon Musk’s Tesla investing $1.5 billion in the cryptocurrency on The Street. Cramer is the host of Mad Money on CNBC and a former hedge fund manager who co-founded the financial website Thestreet.com.

He discussed Tesla stock which has been steadily climbing over recent months and news that the company has invested in bitcoin. According to the filing with the U.S. Securities and Exchange Commission (SEC), published Monday, Tesla invested $1.5 billion in bitcoin in January. In addition, the company plans to accept BTC as a form of payment for its products.

Cramer was asked if Tesla’s announcement pushes bitcoin more into the mainstream. “I think it is,†the Mad Money host replied, adding that “So do Paypal’s and Mastercard’s announcements.†He continued, “I noticed that Mastercard is doing work with crypto but they don’t talk about it as much as they should,†elaborating:

Commenting on people buying dogecoin because Elon Musk talked about it, he said, “I find the synergies between what Elon Musk stands for and what Tesla is doing with its balance sheet and what Paypal is saying people want … makes it seem kind of, not ho-hum, but of course.â€

Cramer also talked about the bitcoin advice he previously gave to his viewers. The Mad Money host bought and recommended his viewers to buy BTC when it dropped to about $12,000. “They switched some of their gold, which I always thought is important allocation, to bitcoin,†Cramer said. He noted that he did exactly what he said for his own investment.

He bought bitcoin and regarded it as a cash equivalent. “Obviously this cash went up big. That was not my intent. My intent was it would be a storehold of value … and I took some off. Why? Because I am a trader at heart in the sense that I wanted to take my capital out,†he opined. “Once the capital came out, then I’m just gonna let it run, so I feel pretty good today.â€

Do you agree with Jim Cramer about Tesla and 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.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

British Asset Manager Ruffer Bags $1.1 Billion Profit From Bitcoin

British asset management firm Ruffer reportedly said its bitcoin investment has generated about $1.1 billion in profit. The firm says bitcoin has been “a wonderful store of value†and it is still optimistic about the cryptocurrency in the long term. Ruffer Profits $1.1 Billion From Bitcoin Investment London-based asset management firm Ruffer revealed that it […]

Xem chi tiết: British Asset Manager Ruffer Bags $1.1 Billion Profit From Bitcoin

Microstrategy Selling $400M Bonds to Buy Bitcoin — Holding to Exceed 100,000 BTC

Microstrategy will soon hold more than 100,000 bitcoins in its treasury. The company is raising $400 million by selling senior secured notes and will use the proceeds to acquire additional bitcoins. Microstrategy Acquiring More Bitcoin Microstrategy Inc. (Nasdaq: MSTR) announced Monday it intends to offer $400 million of “senior secured notes due 2028†in a […]

Xem chi tiết: Microstrategy Selling $400M Bonds to Buy Bitcoin — Holding to Exceed 100,000 BTC

Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

The price of the leading cryptocurrency took a hit after billionaire Elon Musk mentioned Bitcoin in a new tweet hinting at a breakup. Musk’s latest crypto post, featuring a broken heart emoji and a reference to a Linkin Park song, effectively halted this week’s market rebound. Musk Tweet Pushes Bitcoin Price Down Before the Weekend […]

Xem chi tiết: Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]

Xem chi tiết: Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

Daymak to Launch Crypto Mining Vehicle by 2023

Daymak, a Canada-based electric vehicle company, has announced the Daymak Spiritus, an electric car that will be able to mine cryptocurrencies. According to the specs, it will also feature solar charging to lessen the load on the battery while driving. The company, which has only offered the car for 60 days, claims to have managed […]

Xem chi tiết: Daymak to Launch Crypto Mining Vehicle by 2023

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]

Xem chi tiết: Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

JPMorgan Boss Jamie Dimon Personally Advises People to ‘Stay Away’ From Cryptocurrency

JPMorgan Chase CEO Jamie Dimon has given personal advice to investors regarding investing in cryptocurrencies, like bitcoin. He said that his own personal advice to people is to “stay away†from cryptocurrencies. However, his bank, JPMorgan, will not stay away as clients want exposure to this asset class. Jamie Dimon’s Personal Advice to Investors About […]

Xem chi tiết: JPMorgan Boss Jamie Dimon Personally Advises People to ‘Stay Away’ From Cryptocurrency

JPMorgan Boss Jamie Dimon Personally Advises People to ‘Stay Away’ From Cryptocurrency

JPMorgan Chase CEO Jamie Dimon has given personal advice to investors regarding investing in cryptocurrencies, like bitcoin. He said that his own personal advice to people is to “stay away†from cryptocurrencies. However, his bank, JPMorgan, will not stay away as clients want exposure to this asset class. Jamie Dimon’s Personal Advice to Investors About […]

Xem chi tiết: JPMorgan Boss Jamie Dimon Personally Advises People to ‘Stay Away’ From Cryptocurrency

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets

Little Green Mining Hood or the Big Bad Wolf: Musk’s Sustainability Play

Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Elon Musk Convinces Miners to Form ‘Bitcoin Mining Council’ to Promote Renewable Energy Usage

Vitalik Buterin Criticizes Elon Musk’s Idealistic Take on Cryptocurrency, Details Limits on Blockchain Scalability

Other Articles