CNBC host Jim Cramer spoke about the crypto industry during a recent interview. He mostly touched on the spectacular collapse of the FTX crypto exchange. In this context, he was rather pessimistic regarding digital assets. He said that the collapse of FTX has finally convinced him of the danger of crypto investing. Here are the main statements of Jim Cramer during his interview.
Cramer avoids crypto like the plague!
Jim Cramer didn’t skimp on words to express his aversion to crypto during the CNBC interview. The former investment fund manager warned crypto holders in a stark manner. Last week, CNBC reported the famous host’s remarks in a tweet. Cramer appears to have said: ” I will never touch crypto, because I will not trust the custodial bank “.
” They fought the regulations. They didn’t want no regulation, and you got no regulation “, he added. He urged investors to withdraw their money from cryptos as soon as possible. He emphasized: Look, I’m not calling you an idiot, I’m just saying you have great blind faith. Also, I like having my money in JPMorgan. I check on Monday to see if my balance is there. He is there. I feel good “.
The former investment fund manager clarified that investors should be wary of Solana (SOL) and Litecoin (LTC) cryptos. He argues that it would be foolish to trust Ethereum rival Solana and Peer-to-Peer payments network Litecoin. ” JI think everyone who owns these different coins, Solana, Litecoin, I really think you are an idiot. Well, I didn’t go to college to be stupid. exclaimed Jim Cramer.
The CNBC host confessed to selling all of his crypto holdings after the collapse of FTX. He precised : ” I will not mention the firm in which I had my money. But it was a fight to get the money out “. It must be said that this is not the first time that Jim Cramer has warned against particular cryptos. Indeed, last December 8, he had treated the cryptos XRP, Solana and Dogecoin as scams.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
