Mad Money’s Jim Cramer turns to Ethereumum after selling the bulk of Bitcoin

Mad Money presenter Jim Cramer bought Ethereum after selling most of his bitcoins.

Mad Money – Hosted Mad Money on CNBC

Jim Cramer prefers ether to bitcoin

Jim Cramer, former hedge fund manager, co-founder of Thestreet.com, a news and financial literacy website, spoke about Bitcoin and Ethereum on Monday (June 28) about Bitcoin and Ethereum. CNBC after selling almost all of his bitcoins last week.

Cramer said last week that he would buy back Bitcoin if the price dropped to $ 10,000. However, from the $ 30,000 he sold before recovering, it didn’t fall too much. At the time of writing, Bitcoin price is currently trading at $ 34,228.

Bitcoin price chart | Source: Tradingview

Cramer shared:

“I’m going back to Ether because Bitcoin is held at $ 30,000.”

“I like ether because people actually use it more to be able to buy things. I will continue to buy ether. I think it has a bit more ground because when you buy NFT or something like that, everyone wants ether. It’s more like a currency. “

Last week, Cramer announced that he had sold almost all of his bitcoins out of fear of the Chinese government crackdown on bitcoin mining and fears of ransomware attacks.

The host was previously bullish on Bitcoin and advised everyone to invest 5% of their portfolios in crypto because gold has let them down.

Teacher

According to News.Bitcoin

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page