Cramer Says Bitcoin Should Be Part of Every Investor’s Portfolio, Advises Against MicroStrategy Stock
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The once bearish Jim Cramer of CNBC has publicly endorsed Bitcoin as a valuable addition to any investment portfolio, urging viewers to directly own the cryptocurrency rather than investing in MicroStrategy. During a recent episode of Mad Money, Cramer was clear in his recommendation. “If you want to own Bitcoin, own Bitcoin,” he asserted, adding that he personally owns Bitcoin and believes it is “a great thing to add to your portfolio.” This statement marks a departure from his past skepticism toward cryptocurrencies and contrasts sharply with his previous critiques of Bitcoin and other digital assets. Bitcoin vs. MicroStrategy: A Direct Approach MicroStrategy, led by its CEO Michael Saylor, is one of the biggest corporate holders with over 470,000 Bitcoins. However, Cramer warned investors that buying the stock of MicroStrategy is not the best way to own Bitcoin, even though this company’s shares are highly influenced by the oscillations in Bitcoin’s price. It also has the added complications of its corporate operations which may make things riskier for investors. Jim Cramer: “You should own Bitcoin. Source: TiffannyFong via X “MicroStrategy has a different set of risks because it’s an operating company,” said Cramer, suggesting that if one wants exposure to the potential of Bitcoin, it is considerably easier and clearer to own it directly. His comments fall into a broader trend where some investors, especially traditionally-minded finance investors, have stepped away from indirect bets through vehicles such as Bitcoin Exchange-Traded Funds or derivatives, seeking out the security and transparency of ownership in assets. Cramer’s Evolving Stance on Cryptocurrencies Cramer’s relationship with cryptocurrency has been anything but straightforward. He has been quite vocal in his criticism, even going as far as to show solid disdain for digital currencies, especially after the major takedowns of huge crypto entities that included the FTX…
Filed under: News - @ January 31, 2025 8:27 am