The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

CNBC’s Jim Cramer Is Suddenly Bullish on Bitcoin – Here’s Why

by Daily Hodl Staff
September 16, 2020
in Bitcoin

CNBC financial firebrand Jim Cramer now thinks Bitcoin is a prudent investment asset.

Two years ago, the former hedge fund manager and current host of CNBC’s Mad Money considered Bitcoin an “outlaw currency” and proclaimed that the “tide has turned against [bitcoin].” While Cramer has been critical of Bitcoin, he says he’s finally putting his bets on BTC in a podcast with Anthony Pompliano.

“When I go to my inflation handbook, it says buy gold, buy masterpieces, and buy mansions…

What we didn’t have in that menu was crypto. I think that you have to have, I’m still going to say gold or crypto because I have so much gold, but you have to have one or the other, and I like what you’re saying about crypto.”

Cramer explains that his change of heart is due to the government’s monetary policies involving trillions of dollars worth of fiscal stimulus to combat the impact of the Covid-19 pandemic. 

“I don’t know how my kids are going to pay down what happened. I think we had to do it to avoid a depression so I’m glad we did it. But I see the dollar going down and most importantly, I know that no one wants to raise taxes in this country, and even if we did raise taxes, we still can’t afford it. We’re not cutting social security. We’re not cutting medicare. We’re on a collision course which makes me feel great about the gold I own. But I do feel it’s perfectly logical to add crypto to the menu.”

Although Cramer particularly loves his gold, he says his children will probably have a different opinion on the precious metal.  

“[My kids] will never understand gold. And the reason they will never understand gold is they think gold is dangerous. It’s dangerous because it can be stolen. It’s dangerous because they don’t want to take it out of the bank. It’s dangerous because they may forget where it is.”

The former hedge fund manager also expresses his excitement over the idea that he can actually generate passive income in Bitcoin while hedging against inflation.

 “So this is why I am fixated on needing to own crypto, because I fear a massive amount of inflation, and I don’t have [any]. Gold will do okay. The houses will do okay. Those are going to keep me running in place as opposed to falling off a cliff. The idea of actually making money, well holy cow, I’ll take a shot at that with 1%. [of my portfolio].”

I
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/spainter_vfx

Submit a Press Release

Industry Announcements

  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
  • BTCC Exchange Celebrates 14th Anniversary With Launch of First-Ever User Badge Program
    June 18, 2025
  • R0AR Introduces Unified DeFi Platform for Token, Liquidity and NFT Staking
    June 17, 2025
  • Avail Goes Full Stack To Capture $300 Billion Global Blockchain Infra Market
    June 17, 2025
  • Fans Hash Launches Zero-Barrier Cloud Mining With Daily Payouts and Global Pool Access
    June 16, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,833.09
$104,833.09
0.22%
Ethereum
$2,529.08
$2,529.08
1.21%
BNB
$642.40
$642.40
0.09%
Solana
$145.27
$145.27
0.29%
XRP
$2.15
$2.15
0.98%

Spotlight

  • Bitwise CIO Matt Hougan Says Worries Over US Dollar and Money Printing To Accelerate One ‘Megatrend’
    June 12, 2025
  • ‘Winter’s Not Coming Back’: Michael Saylor Says Bitcoin Primed To Skyrocket to $1,000,000 – Here’s Why
    June 12, 2025
  • US Banks ‘Deeply Concerned’ About Cybersecurity Risk Following Attack on Top Financial Regulator
    June 12, 2025
  • Crypto Analyst Says New Bitcoin All-Time Highs Incoming, Updates Outlook on Ethereum
    June 12, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl