CNBC financial firebrand Jim Cramer now thinks Bitcoin is a prudent investment asset.
Two years ago, the former hedge fund manager and current host of CNBC’s Mad Money considered Bitcoin an “outlaw currency” and proclaimed that the “tide has turned against [bitcoin].” While Cramer has been critical of Bitcoin, he says he’s finally putting his bets on BTC in a podcast with Anthony Pompliano.
“When I go to my inflation handbook, it says buy gold, buy masterpieces, and buy mansions…
What we didn’t have in that menu was crypto. I think that you have to have, I’m still going to say gold or crypto because I have so much gold, but you have to have one or the other, and I like what you’re saying about crypto.”
Cramer explains that his change of heart is due to the government’s monetary policies involving trillions of dollars worth of fiscal stimulus to combat the impact