More

    Clearly, Jim Cramer Doesn’t Get Bitcoin

    This week, CNBC host Jim Cramer introduced that he had bought half of his bitcoin to repay a mortgage. “It was like phony cash paying for actual cash,” he mentioned. “I believe I gained.”

    Whereas Cramer, the well-known host of “Mad Cash,” has fairly a powerful background having graduated from Harvard College and later working his personal hedge fund, his option to promote bitcoin to pay down a mortgage is a basic instance of a misunderstanding of financial economics, and the dynamics of forex competitors.

    This piece isn’t meant to focus solely on Cramer, however reasonably to offer evaluation as to why that is an instance of a shortsighted funding resolution that can show to be fairly pricey in hindsight.

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Stakeholders talk about what could be the way forward

    The government’s plan for a Bill to act against private cryptocurrencies has reopened the debate on the fast-moving, highly volatile sector, where policy has...

    Here’s What’s Next for Polkadot, The Sandbox and Three Low-Cap Altcoins, According to Crypto Analyst

    A popular crypto strategist and trader is mapping out the levels where Polkadot, The Sandbox and three other low-cap altcoins could bounce and potentially...

    This Ethereum L2 rose by 1551%, outperformed Loopring, dYdX, Optimism

    Ethereum has seen a myriad of Layer-2 solutions developing over time, with the fight to gain prominence never-ending. However, the emergence of Boba Network...

    Bitcoin AUM falls 9.5% to record largest monthly pullback since July

    While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data reflects a change in sentiment as Ethereum...

    Is crypto mania more a symptom than a cause?

    The draft legislation on crypto currency being introduced in Parliament and the stance of the RBI suggest that consideration is being given to banning...

    Newsletter

    Subscribe to stay updated.