Famous financial reporter Jim Cramer, host of CNBC’s “Mad Money” program, said in his recent program that he should be negative about crypto right now. told.
Cramer is particularly negative about the three popular altcoins Dogecoin (the leading meme cryptocurrency), Ripple-linked XRP and Litecoin (commonly known as “digital silver” in the crypto space). He stated that these altcoins are “doomed to extinction.”
Cramer previously claimed that the cryptocurrency industry is baseless, saying he sees the market as a huge scam, and has targeted Ripple (XRP), Dogecoin (DOGE) and Solana (SOL).
In general, the financial expert, who prefers stocks to digital assets, constantly criticizes cryptocurrencies other than Bitcoin and Ethereum.
He reported that he invested in these two digital currencies in 2020, when BTC was trading at $12,000. He said that a year later, when it hit an all-time high near $69,000 and the Ethereum price also jumped, he used the profits from BTC and ETH to buy a farm and a boat.
As for other cryptocurrencies, the “Mad Money” host continues to smear them as suspicious and warns everyone not to invest in them so as not to “lose money every year.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.