Jim Cramer Says You May Lose Your Life Savings Because of Crypto

by in Cryptocurrency News

Jim Cramer crypto

American TV personality Jim Cramer says investors should get out of crypto, NFTs, and special purpose acquisition companies. According to him, the assets could result in the loss of investors' life savings. On the recent episode of "Mad Money," the host said he changed his opinion about crypto assets. Cramer finds it's time we start questioning crypto fundamentals.

Related: Jim Cramer Advises Buying Bitcoin or Ether

Going further, Cramer questioned whether CNBC should report on cryptocurrencies at all. He added we won't even need to have these quoted on the side of the television screen anymore. The host says crypto failed to perform as a store of value.

Cramer said he finally decided to get into BTC out of fear of mass inflation. He also mentioned previously that the coin is a great alternative to gold.