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.
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.
Arman Shirinyan
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov