Jim Cramer Claims Crypto Should Not Be Treated As A Safe Investment

Alex Dovbnya

CNBC host Jim Cramer believes people should not be discouraged from investing in cryptocurrencies as long as they are aware of the risks involved

CNBC host Jim Cramer shared his current stance on cryptocurrencies in a recent interview, claiming that people should be free to invest in the emerging asset class as long as they don’t consider it a safe investment.

“It’s not Coca-Cola, it’s not Apple,” said the famous stock voter.

Cramer claims that crypto should be just a small part of one’s portfolio. He personally does not recommend allocating more than 5% to cryptocurrencies. Cramer also criticized the idea of ​​borrowing money for investing in crypto.

The “Mad Money” host sees Bitcoin and Ethereum as “the most legitimate” cryptocurrencies.

As reported by U.Today, Cramer has repeatedly criticized the meme cryptocurrency Dogecoin. In January, he suggested that the Bitcoin parody could be an unregistered security.

Cramer is confident that cryptocurrencies could be widely used in the future. The famed stock selector continues to hold Ether after purchasing it due to his interest in non-replaceable tokens.

Despite cryptocurrencies becoming mainstream in 2021, Cramer still believes that new fortunes can be made with cryptocurrencies.

Bitcoin and Ether are down 56.22% and 63.20% respectively from their record highs recorded in early November.

Cramer has been critical of Bitcoin in the past, but changed his tune in 2020 and bought the largest cryptocurrency for the first time.

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