In the latest episode of Mad Money, Jim Cramer, the former hedge fund manager and CNBC personality, once again weighed in on Bitcoin (BTC), offering his advice to investors. Cramer recommended that investors interested in Bitcoin should hold the cryptocurrency itself, rather than investing in MicroStrategy, the largest public holder of Bitcoin.
“If you want exposure to Bitcoin, just own Bitcoin,” Cramer said, affirming his own investment in the cryptocurrency. “It’s a great asset to have in your portfolio.”
However, when it came to MicroStrategy, Cramer was blunt: “But not MicroStrategy,” he added, without offering further clarification or reasoning behind his stance.
MicroStrategy, led by Michael Saylor, owns over 417,000 BTC, valued at more than $48 billion at current prices. Despite Cramer’s caution about the company, it may not be enough to sway the many investors who continue to back MicroStrategy as it remains a major player in the Bitcoin space.
Interestingly, Cramer’s past predictions have often been seen as contrary indicators, with his calls occasionally moving in the opposite direction of the market. For instance, in January 2024, he suggested that Bitcoin was nearing its peak, only for the cryptocurrency to surge more than 100% since that time.
As of Monday, Bitcoin was trading around $103,000, continuing its positive momentum with a 4% rise since the previous day. Cramer’s remarks on MicroStrategy may add fuel to the ongoing debate among Bitcoin investors, but Bitcoin’s price resilience speaks volumes.
