May 2, 2024

Jim Kramer prefers Ethereum over Bitcoin

Jim Kramer prefers Ethereum over Bitcoin

“Mad Money” host Jim Cramer bought Ethereum, dumping almost all of his Bitcoin a week ago.

INCNBC interview Jim Cramer reiterated his bullish outlook on the stock and cryptocurrency markets in general, but his view on Bitcoin has changed. 

The popular presenter is concerned about China's tough policies and sold almost all of his digital gold stock on June 21.

Jim said he was ready to buy Bitcoin again if its price dropped to $10,000. And while Bitcoin does not want to fall to $10,000, Cramer bought ether. 

I like Ethereum and it is used much more often for purchasing goods. I think it has more potential. 

The Mad Money host has always been optimistic about cryptocurrencies, advising them to invest 5% of their portfolios in digital assets.

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