During the Thursday broadcast of “Squawk on the Street,” CNBC's superstar anchor Jim Cramer revealed that he had sold half of his Bitcoin holdings to pay off his mortgage:
From the chart, I may be the only natural seller, but it was so great to pay off a mortgage. It was like, kind of, phony money paying for real money
The famed stock picker claims that he got into Bitcoin for the first time when it was trading at around $12,000. On Apr. 14, the flagship cryptocurrency reached a new all-time high of $64,895 on the Bitstamp exchange before retracing to the $62,000 level.
Cramer has been extremely vocal about his support for Bitcoin for the past few months. On a recent podcast with crypto evangelist Anthony Pomliano, he said that the top crypto was exactly what he was searching for with gold.
Dan Burgin
Vladislav Sopov