Mad Money host, Jim Cramer has backed down from his initial skepticism about Bitcoin investments, now encouraging people to buy and invest in BTC.
Cramer Advocates Bitcoin Investments
Jim Cramer, a TV host for the American investment advice show, Mad Money has shocked the crypto community with his sudden endorsement of Bitcoin.
Earlier in December 2022, when BTC was trading above $17,000 Cramer had urged investors to sell off all their Bitcoin assets. The investment advisor had encouraged investors to steer clear of the cryptocurrency, citing that it was never too late to sell an awful position.
Now in his recent investment advice show published on YouTube on Thursday, Jim Cramer has reversed his earlier perceptions of the cryptocurrency.
When an investor inquired about whether to buy or sell Bitcoin, Cramer promptly responded by encouraging investors to purchase BTC. He stated that he had made a lot of money from investing in BiBTCtcoin, labeling his previous negative assessment
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