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Mad Money Host Jim Cramer Says Buy Bitcoin, But Avoid MicroStrategy

Published by
Mustafa Mulla

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%.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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