I am a “crypto bug” by way of a hedge, but it could still fall
Scott Mlyn | CNBC
CNBC’s Jim Cramer said Monday he was a “believer in cryptocurrency,” but believes it could go down further.
“I’ve always been a gold bug, but now I’m a bit of a crypto bug just like a hedge,” Cramer said on “Squaw in the street. “” I don’t swear by that. “
Cramer’s comments come days after the the world’s largest Bitcoin conference took place in Miami.
During the multi-day conference, Salvadoran President Nayib Bukele announced considering adopting bitcoin as legal tender, which would make the country the first sovereign nation in the world to do so.