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RE: Jim Cramer is the latest to join the Bitcoin to $1 Million Dollars Club
Interesting to see Cramer's take on Bitcoin.
I watched his show for years and have a great deal of respect for his assessment.
Great post as always @jrcornel
Funny, I was thinking of posting roughly the opposite.
It's dismaying to see Cramer on this list. He's been a contrarian indicator, and ...well, "out there". I feel he's what you'd get if you gave MSNBC the South Park "Sexy Action News" Treatment:
I profited from watching Cramer's show.
Are you unconcerned that his reasoning for "BTC $1 million" is ludicrous, and demonstrates he has no idea what he is talking about?:
"I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. It’s a short-term way to be able to deal with cybersecurity. It is the way to pay off the bad guys,” Cramer said on “Squawk on the Street."
Ahem,
"In the case of WannaCry ransomware, the biggest ransomware attack in history, the distributors earned less than $100,000. That is only 0.0012 percent of the European Bitcoin exchange market."
Absolutely I'm concerned and take everything Cramer says at face value.
His "BTC $1 million" is ludicrous and I give that stament no value whatsoever.
I just love Cramer's crazy style and he and his show put the spotlight on countless potential plays in which after my own research I made. I only stopped watching because I hired a financial advisor who I know and trust to manage our nest egg so I can focus 100% on business and family.