I am a ‘crypto bug’ as a hedge, nevertheless it may fall additional
Scott Mlyn | CNBC
CNBC’s Jim Cramer mentioned Monday he is a “believer in cryptocurrency” however believes it may fall additional.
“I’ve all the time been a gold bug, however now I am a little bit of a crypto bug simply as a hedge,” Cramer mentioned on “Squawk on the Road.” “I do not swear by it.”
Cramer’s feedback come days after the world’s largest bitcoin convention was held in Miami.
Through the multiday convention, El Salvador President Nayib Bukele introduced plans to undertake bitcoin as a authorized tender, which might make the nation the world’s first sovereign nation to take action.
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