“You can’t just beat yourself up and say, ‘hey, it’s too late to sell,'” Cramer said.
CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX’s catastrophic bankruptcy.
“You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets,” Cramer said MondayFTX’s collapse from a $32 billion valuation into bankruptcy last month upended the fledging sector and sparked fears of a “contagion” effect on other firms. FTX creditors are still owed billions of dollars, with no resolution in sight.
“Tether, a so-called stablecoin that’s supposed to be kinda-sorta pegged to the dollar, still has a $65 billion market cap,” Cramer said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Jim Cramer urges investors to exit crypto – ‘it’s never too late too sell’The collapse of FTX, the bankrupt cryptocurrency exchange that was worth $32 billion at its peak, has thrown the crypto space under intense scrutiny.
Weiterlesen »
The Fed can’t stop raising interest rates due to these 4 factors, Jim Cramer says'This market's hostage to the Federal Reserve, and the Fed's not going to stop tightening until they see more evidence of real economic pain,' Jim Cramer said.
Weiterlesen »
Jim Cramer Says Cardano, XRP and Dogecoin Might Crash to ZeroLongtime CNBC host Jim Cramer lambasted cryptocurrencies during recent episode of 'Mad Money' show
Weiterlesen »
Cramer talks about some hot industrial stocks, and how we're playing Wall Street's pivot from techLet's take a serious break from the software companies that were claimed to be the best bets and start discussing the real market winners.
Weiterlesen »
Jim Cramer Calls FTX Co-Founder Sam Bankman-Fried a Pathological Liar, Conman, and Clueless Idiot – Featured Bitcoin NewsMad Money host Jim Cramer says former FTX CEO Sam Bankman-Fried (SBF) is a pathological liar and a conman. crypto cryptocurrency
Weiterlesen »