E Point Perfect

Jim Cramer Just Issued Urgent Crypo Warning


article image

Alex Dovbnya

With the recent price crash, the cryptocurrency sector is facing increasing criticism from mainstream financial players

In light of the ongoing federal investigation into crypto mogul Barry Silbert’s Digital Currency Group, Jim Cramer is warning investors to be careful. The CNBC host tweeted that now is not too late to get out of any investments related to crypto.

As reported by U.Today, Cramer recently called crypto “the creation of money by cretins.” He was particularly harsh to Litecoin holders, claiming that they are “idiots.”

According to the famous financial presenter, he would never consider investing in cryptocurrencies due to regulatory uncertainty. 

He also brought up a personal experience involving a crypto firm from which he struggled to withdraw his funds. 

Consequently, the financial analyst suggested that U.S. Securities and Exchange Commission should investigate the cryptocurrency market

Recently, Cramer also argued that Binance “has no real legitimacy and no real substance behind it.” 

The comments from the CNBC host are yet another example of conventional wisdom questioning the long-term prospects for digital assets. While the cryptocurrency space has become more widely accepted by investors over the last few years, there are many skeptics who view these digital assets as unbacked and unreliable investments.


Source link

Related posts

Bitcoin Might Rival Top Custodian Banks With Unmatched Market Value

Non-Profit ProPublica to Return SBF’s Money

Here’s One Silver Lining to Bitcoin Potentially Retesting $20,000

140 Million Shiba Inu Burned as Burn Rate Spikes 137%: Report

Why Is FTX Cryptocurrency’s Value up Over 170% in 2023?

Charles Hoskinson Supports Elon Musk, Here’s How