Advertisement
AD

Main navigation

CNBC's Jim Cramer Calls Bitcoin "Phony Money" After Cashing Out Half of His Stash

Advertisement
Thu, 15/04/2021 - 19:12
A
A
A
CNBC's Jim Cramer Calls Bitcoin "Phony Money" After Cashing Out Half of His Stash
Cover image via www.facebook.com
Read U.TODAY on
Google News

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: 

Advertisement

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.    

card

Advertisement

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.  

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD