BREAKING: Jim Cramer Says: “Don’t Buy the Derivatives. Just Go Buy Bitcoin.”
On a recent episode of Mad Money, Jim Cramer advised a caller against buying crypto-related stocks and instead recommended purchasing Bitcoin directly.
The caller asked about Bitmine Immersion Technologies (BMNR), a company that holds a large amount of Ethereum and some Bitcoin. Cramer replied that such derivative plays are “too dangerous” and told the caller to simply buy Bitcoin itself.
“You can buy Bitcoin. I like that,” he said.
The comment stands out because only weeks earlier Cramer had stated that he sold his own Bitcoin holdings, citing concerns about quantum computing after a conversation with IBM’s CEO.
Despite that earlier exit, his latest on-air advice favors holding the underlying asset rather than related equities or leveraged products.
A clear preference for direct Bitcoin ownership over crypto-linked stocks.
On a recent episode of Mad Money, Jim Cramer advised a caller against buying crypto-related stocks and instead recommended purchasing Bitcoin directly.
The caller asked about Bitmine Immersion Technologies (BMNR), a company that holds a large amount of Ethereum and some Bitcoin. Cramer replied that such derivative plays are “too dangerous” and told the caller to simply buy Bitcoin itself.
“You can buy Bitcoin. I like that,” he said.
The comment stands out because only weeks earlier Cramer had stated that he sold his own Bitcoin holdings, citing concerns about quantum computing after a conversation with IBM’s CEO.
Despite that earlier exit, his latest on-air advice favors holding the underlying asset rather than related equities or leveraged products.
A clear preference for direct Bitcoin ownership over crypto-linked stocks.