Months After Shilling $3,000 ETH, Cramer Says Crypto Has “No Real Value”
The cryptocurrency space has "no real value" and could suffer from further losses, Jim Cramer suggested on CNBC's Squawk Box Tuesday.
The former hedge fund manager pointed to the recent wave of crypto firms suffering from liquidity issues as he slammed the space.
Cramer's comments come months after he said that investors could "easily" secure returns of 35 to 40% from investing in Ethereum. He also previously announced that he had bought into the asset.
The former hedge fund manager pointed to the recent wave of crypto firms suffering from liquidity issues as he slammed the space.
Cramer's comments come months after he said that investors could "easily" secure returns of 35 to 40% from investing in Ethereum. He also previously announced that he had bought into the asset.
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gas 1126 : Obviously he's going to be pro ETH when the market is up and down on crypto when the market is down. It's what they all do, you can't ride the ratings otherwise.
Sg-Jin : Reverse Cramer; it’s the only way
KingNY-Life : As Buffett said, digital currency has no value. I just know that the digital currency development companies that have created thousands of projects of all kinds have made a lot of money. There is no regulation in this field, and there are too many crooks and traps. This is the cost of decentralization. Is an unregulated investment environment what everyone wants?
Sg-Jin KingNY-Life: Revolution already started; more dominoes will fall.
KingNY-Life Sg-Jin: Agree
Sg-Jin KingNY-Life: