Bitcoin down as Jim Cramer says crypto ‘deserve a spot’ in portfolio
Jim Cramer doubled down on his tip to buy crypto, saying he was “going to call the top by recommending it yet again.”
Markets commentator Jim Cramer, who some believe makes predictions that end up being the opposite of what happens, said Bitcoin should be part of an investor’s portfolio — which has dropped 2% on the day.
In a Nov. 26 edition of CNBC’s Mad Money, Cramer endorsed owning crypto as a hedge against a ballooning deficit as US debt climbs over $36 trillion.
“I think Bitcoin, Ethereum and maybe even some other cryptocurrencies deserve a spot in your portfolio,” he said. “Maybe one day, if the deficit gets under control, I’ll change my tune.”
