Bitcoin made me a ‘ton of moneyunlike stocks and gold — Jim Cramer

CNBC host Jim Cramer has revealed he madea ton of money” на биткойнах (BTC) but goldlet him down.

In an episode of the Pomp Podcast released March 22, Cramer thanked host Anthony Pompliano for inspiring him to invest $500,000 в BTC.

Cramer after Bitcoin buy: “Спасибо”

Here’s what’s going on: you made me a ton of money,” he began.

Cramer is well known as a mainstream media finance pundit, and is also familiar to Bitcoiners after a previous Pomp Podcast appearance in September 2020. His latest outing, тем не мение, puts him in pole position among CNBC presenters when it comes to being bullish on Bitcoin.

Continuing, he said that unlike with his experience with buying gold and stocks, Bitcoin actually delivered.

It happened just as you said,” he told Pompliano.

It also happened much faster than you said, but I’m very grateful — and you know who else is grateful? My kids.

Turning to gold, Cramer updated advice that he claimed to have espoused for almost 30 лет. Instead of allocating 10% of one’s portfolio to the precious metal, he revealed for the first time that this should now be 5% gold and 5% Биткойн.

When I got not schooled but taught by Pomp, I said, ‘What am I doing not protecting myself in what I’ve been saying to people could be hyperinflation?'he recalled.

While he did not state exactly how much money he had made from his initial investment of around $500,000, the timing suggests that his stash is now worth approximately $2.4 миллион.

Ранее, на этой неделе, even Fed Chair Jerome Powell described Bitcoin as asubstitute for goldwhile stating that it did not challenge the U.S. доллар.

Bitcoin returns (апельсин) против. золото (purple) and S&п 500 (синий) YTD. Источник: Tradingview

Stronger hands win out

Cramer is still a somewhat small-volume hodler compared to many Bitcoin investors who entered at much lower prices. Как сообщает Cointelegraph, тем не мение, these whales have become increasingly weak-handed in recent times, selling into every major price rise this year.

The results continue to be seen in the form of spurts and lengthy consolidations for BTC/USD, a pattern which itself has sparked familiar accusations of volatility and unreliability from naysayers.

Proponents nonetheless cite on-chain data as evidence that the upside is not yet over, with popular estimates for the average price in 2021 running as high as $288,000.

If nothing else, that would make Cramer’s hoard worth around $12 миллион.

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Источник: Cointelegraph

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