Mad Money's Jim Cramer Challenges Crypto Investors
He wrote the following when discussing the Advanced Micro Devices stock:
Jim Cramer then sent out another tweet regarding cryptocurrency. After mentioning that he acquired a farm with his Bitcoin winnings and a boat with his ether income, the Mad Money host issued a challenge to crypto investors:
Many people have criticized Cramer for offering trade suggestions that resulted in losses.
He complimented Ark Investment Management CEO Cathie Wood immediately before her flagship fund crashed last year. He also tweeted a buy suggestion for AMC Entertainment Holdings, right before the price fell 30%.
Jim Cramer became a Bitcoin supporter in 2020 after speaking with crypto investor and entrepreneur Anthony Pompliano, who urged him to purchase some BTC. The Mad Money show then began recommending investors invest 5% of their portfolios in Bitcoin.
Concerns about the Chinese Bitcoin mining crackdown, ransomware assaults, and Tether (USDT) forced him to sell his BTC for Ether in June of last year.
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