.jimcramer has cautioned followers against deceptive players in the crypto space
, he called the lawsuit"devastating" and suggested that the allegations could significantly impact the company's future.
In the ebb and flow of the crypto tide, Cramer has often shifted his stance. Prior to 2021, he viewed Bitcoin as an alternative to large cash positions and a hedge against inflation. However, by the close of 2022, his enthusiasm started to cool. As Bitcoin and Ethereum tumbled more than 65% by year-end, he began to question the crypto landscape, dubbing it a"gigantic con."
As 2023 rolled in, Cramer's skepticism hardened into a concrete barrier. Warning viewers about the obscurity surrounding ownership and the hurdle-ridden path to withdrawing funds from certain firms, he steered his audience away from cryptocurrencies. Despite Bitcoin's recent rally, he touted gold as a more solid cornerstone for investment.
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