CNBC’s Jim Cramer Warns Investors To Stay Away From Crypto, Says Bitcoin Not a Hedge ‘Against Anything’

CNBC’s Jim Cramer Warns Investors To Stay Away From Crypto, Says Bitcoin Not a Hedge ‘Against Anything’


CNBC host Jim Cramer is once again warning investors to stay away from crypto assets and Bitcoin (BTC), instead saying they should opt for gold.

In a new update, the host of Mad Money says that the top digital asset by market cap’s latest price bounce hasn’t convinced him of its legitimacy.

“Now that Bitcoin has spent the last couple weeks bouncing off its lows, the whole crypto-industrial complex is back in full gear, trying to entice people back in. I think that would be a huge mistake for you.”

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Cramer criticizes Bitcoin’s “legion of cheerleaders” for continuing to support the sector after FTX’s high-profile collapse and the resulting contagion that spread to other prominent crypto firms.

“For years these people told us that

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