Jim Cramer Being Negative on These 3-Cryptocurrencies

''I think you should be negative on #crypto. I’m negative on $XRP, $LTC, and $DOGE because I haven’t been able to find anyone that takes them,” says Jim Cramer. “It’s like $80 billion worth of non-Bitcoin that’s destined to be wiped out.”

He said these cryptocurrencies are among the altcoins that are about to be “wiped out”. Even the overall crypto market are in bearish phase at where identifying the future of these three assets in particular have no future.

According to a CNBC report on this Friday, Jim Cramer found three industrial stocks for 2023 which he prefers to own. The stocks are Caterpillar $Caterpillar(CAT.US)$ , Illinois Tool Works $Illinois Tool Works(ITW.US)$ and railroad operator CSX Corp $CSX Corp(CSX.US)$ .

Mr. Cramer also looked forward to upcoming week’s earnings and economic data report that will give fresh insights. As Mr. Cramer said on CNBC’s episode of “Mad Money,” “We want the Fed to talk a big game, without needing to actually do too much. Talk is better than action. We want [Fed Chair Jerome Powell] to scare the economy into slowing under its own weight. We don’t want endless rate hikes … that will destroy everything in its path.”