Jim Cramer of CNBC’s Mad Money confided that he had decided to invest 1% of his net worth in Bitcoin.
Let’s see what led him to make that decision.
Test with 1%
Most investors began investing in safe assets such as gold or silver during a pandemic. Younger investors have decided to invest in Bitcoin to secure their wealth against inflation.
That was also the case of Jim Cramer. He decided to invest because of inflation and also because of the controlled growth in value. According to him, it often happens that children cannot find their parents’ gold and he wants to avoid it.
Bitcoin’s ability to quickly “get to its feet” after so many crashes appealed to Jim Cramer, too.
More are being added
Other well-known faces, such as Paul Tudor Jones, are also starting to invest in Bitcoin. MicroStrategy said it currently holds 38,250 BTC, which is around 400 mil. USD.
More and more companies and investors are starting to hold Bitcoin in the long run to hedge against inflation. This is a very good news, as many people and companies are beginning to realize how broken the centralized financial system is.
Given the current situation, you really need to protect your wealth so that you don’t lose it. If you can, let your money work and secure yourself and your family against inflation and the fall of the central currencies.
It is possible that if people see that even large investors and people like Jim Cramer are investing in cryptocurrencies, it will give them a signal to start too. You need to start with information and study so that you do not lose your money. Ask questions, study, search for information and start with smaller amounts. And remember the golden rule of investing – invest only as much as you can afford to lose.