American TV host Jim Cramer assumes that cryptos will continue to drop and finds they have no value. He has changed his mind about crypto many times.
Related: Jim Cramer Advises Buying Bitcoin or Ether
At CNBC’s Squawk Box, Cramer shared his views on the performance of different asset categories including cryptocurrencies for this year. He mentioned that the current industry that he is most interested in is crypto.
According to Cramer, cryptos are worthless and he predicts more decline. He said it seems that crypto is collapsing from $3 T to $1 T. Cramer wondered about the reasons for no more decline as he sees no real value there.
The host sharply criticized non-fungible tokens (NFTs) questioning the amounts being spent on such an "awful" asset class. Cramer says you can look at the companies that you've never heard of and they blow up in a weekend. He finds NFTs are made up and they are an awful class.