Broadly thought to be a watershed moment for the cryptocurrency, Tesla’s buy-in had proponents arguing that other big tech firms would have no choice but to follow. Thereafter, naysayers voiced caution, arguing that Bitcoin’s volatility itself would stop smaller outfits converting a significant portion of their treasury.
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It’s ‘almost irresponsible’ not to own Bitcoin: investing star Jim Cramer
The CNBC Mad Money host said that holding Bitcoin is ‘exciting,’ calling it a better alternative than cash, which makes ‘absolutely nothing’
Former hedge fund manager and host of CNBC’s “Mad Money” Jim Cramer said investing in Bitcoin isn’t just acceptable, it’s the responsible thing to do.
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"Mad Money" host Jim Cramer still likes bitcoin, but that didn't stop him from selling as the crypto market frothed past $40,000 (Photo: Wikimedia Commons)Recent Bitcoin convert Jim Cramer: ‘I’m playing with the house’s money’
With BTC’s price doubling in four weeks, the host of CNBC’s “Mad Money” said he sold enough bitcoin to make back his investment; will only jump back in at $20,000
On Dec. 11, Cramer—talking about a dot-com bubble-like atmosphere in IPOs, not crypto, it should be noted—said "When you have these 50-60% gains in a week or 100% gains over three weeks, check out. Let someone else make the next 100%."
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Financial giants power Bitcoin’s $20,000 bull run
As institutions and big-name investors pile in, the first cryptocurrency passes a big psychological milestone
The long-awaited Dec. 16 milestone follows a string of high-profile investors and financial firms jumping very publically into bitcoin. This includes Wall Street legends Stanley Druckenmiller and Paul Tudor Jones, Mexican billionaire Ricardo Salinas Pliego, and CNBC “Mad Money” host Jim Cramer, who have all revealed bitcoin investments this year.
