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August 9, 2022
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Jim Cramer: I invested in Bitcoin because I was disappointed with gold –

Jim Cramer, economic journalist, He admittedthat he invested half a million dollars in Bitcoin (BTC). Reason? He was disappointed by what was happening on the gold market.

Jim Cramer bought BTC

In a recent interview with Morgan Creek Digital co-founder Anthony ‘Pomp’ Pompliano, Cramer revealed that he told his CFO to buy BTC worth $ 500,000.

I went and called my CFO and said, “Look, I just talked to this guy Pomp, and I want tomorrow. [kupić BTC]. I’m going to give you some numbers “ – he recalled. Then he would explain that he wanted to buy Bitcoin for half a million dollars. Apparently, he did not want to wait – everything was supposed to take place within a few days.

He also admitted that he has since cashed his initial investment and could keep the remaining capital in Bitcoin forever.

– I’ve always told people that. Listen, if you ever find yourself in a situation where you have the chance to play with money from home, [możecie] take out what you have invested, then you are in a great position and you never have to [co wam zostało] touch. And that’s what I did. There are many people who are furious that I took out the money I put in. But now I’ll never touch it again, Pomp – He said.

I prefer BTC to gold!

Cramer added that the decision to invest in a major cryptocurrency was made when he realized that Bitcoin was better than gold in many ways.

“I’ve been saying for years you should have gold.” – He said.

However, he added that he saw in Bitcoin what he saw “All this time he was looking for gold.”

– Only gold has let me down. Gold is subject to too many vicissitudes. It is subject to mining problems. Honestly, in many cases it fails – he explained.

In addition, Cramer revealed that he is now advising other investors to cut their gold allocation by 50%. and redirected their wallet balance to the Bitcoin market.

In his opinion, it is worth having only 5 percent in gold. your savings. Another 5 percent in BTC.

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