The post Mad Money Host Jim Cramer Says Buy Bitcoin, But Avoid MicroStrategy appeared first on Coinpedia Fintech News
Jim Cramer, the host of CNBC’s Mad Money, recently advised investors to own Bitcoin (BTC) instead of its largest public holder, MicroStrategy. Responding to a caller, Cramer stated, “I own Bitcoin, and you should too. It’s a great asset for your portfolio.” However, he dismissed MicroStrategy without offering specific reasons. MicroStrategy currently holds over 417,107 BTC, worth more than $48 billion. Interestingly, Cramer’s predictions often inspire the opposite outcome, leading to the humorous “Inverse Cramer” theory. Earlier this year, he predicted Bitcoin would top out, but the asset has since surged by over 100%.