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Jim Cramer Endorses Bitcoin: "A Great Thing to Have in Your Portfolio"

Coin WorldTuesday, Jan 28, 2025 7:37 pm ET

1min read

Jim Cramer, the renowned host of CNBC's Mad Money, has recently advised viewers to consider adding Bitcoin to their portfolios, stating that it is "a great thing to have in your portfolio." This endorsement comes as a shift in Cramer's stance on cryptocurrencies, as he previously expressed skepticism following the collapse of FTX.

During a segment on Mad Money, Cramer emphasized the importance of owning Bitcoin directly, rather than investing in MicroStrategy, a software company known for its extensive Bitcoin holdings. He noted that while MicroStrategy's stock performance aligns with Bitcoin's price trends, investing in the cryptocurrency itself may be a more straightforward and less risky option for investors.

Cramer's shifting stance on cryptocurrencies has sparked a flurry of reactions on social media. Some users humorously suggested that Bitcoin's rally might reverse following his endorsement, while others expressed skepticism about his market predictions. Despite the mixed reactions, Cramer's comments highlight the growing acceptance and interest in Bitcoin among mainstream investors.

As of Tuesday morning, Bitcoin was trading around $102,000, following a sustained rally over recent months. Optimism surrounding regulatory clarity in the U.S. has fueled positive sentiment in the cryptocurrency market, contributing to Bitcoin's bullish momentum. MicroStrategy's substantial Bitcoin holdings have also seen gains during this rally, further emphasizing the potential benefits of direct Bitcoin ownership.

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