Jim Cramer, a veteran CNBC commentator, advises investors to avoid investing in cryptocurrencies, non-fungible tokens, and special purpose acquisition businesses (SPACs) According to Cramer, these investments might potentially cause investors’ life savings to disappear.
Cramer acknowledged that he was mistaken about cryptocurrencies on the most recent edition of his popular show “Mad Money.” Cramer asserts that it is time to start doubting the foundations of cryptocurrency. The well-known stock picker also questioned if CNBC really needed to cover cryptocurrency.
It won’t even be necessary to display these quotes on the side of televisions anymore, he predicted. Now that cryptocurrency has failed to function as a store of value, Cramer has acknowledged that he was mistaken about it.
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