Jim Cramer recently praised Bitcoin in an interview on CNBC, calling it a “technological marvel” and saying it “seems to be here to stay.” Cramer had previously been an outspoken critic of the digital asset and said that it was overvalued and a speculative bubble. Now, he seems to have changed his tune and decided to give Bitcoin a chance.
Cramer argues that the virtual currency is here to stay due to its potential use in multiple industries such as finance, logistics, and gaming. He believes that Bitcoin has the capacity to be adopted by major businesses and become an international currency, making it a valuable asset to investors. He cautioned people to be cautious and understand the risks involved, but added that it’s worth taking an educated risk investing in the digital asset.
Although Cramer’s comments hint that he’s optimistic about the future of Bitcoin, it’s still too early to tell if the asset will live up to its potential and be adopted by major industries. In the coming months and years, more information should arise about Bitcoin’s use in different industries, which should inform Cramer’s opinion and the opinions of other market commentators.
Jim Cramer Calls Bitcoin “Technological Marvel,” Says Its “Here To Stay”
