Jim Cramer Tells $731M Powerball Winner to Put 5% in Bitcoin

Stock-picking personality Jim Cramer recommended the unknown Maryland-based winner of Wednesday’s $731 million Powerball jackpot allocate 5% of his or her newfound fortune in bitcoin.

Jim Cramer Tells $731M Powerball Winner to Put 5% in Bitcoin

“You know what, if you won the lottery – Yes, I’m gonna say it: 5% in bitcoin,” Cramer said Thursday night on his .

His investment advice, of course, came with a few caveats: Don’t buy the bitcoin all at once, don’t buy it on the weekend. “Crypto could be incredibly volatile,” he said on the day tanked 13%.

Cramer identified bitcoin as an “important new store of value.”

His words echoed the philosophy preached by MicroStrategy CEO Michael Saylor, the tech executive with well over $1 billion of corporate cash plunked into bitcoin. Saylor has called bitcoin humanity’s ideal value storage mechanism.

Cramer, who owns bitcoin, is not exactly a Saylor-like disciple of the cryptocurrency some have claimed is tantamount to a . Cramer has expressed concerns over and erratic trading on his CNBC show in the past.

Cramer framed his recommendations, which also included allocations in art, real estate and physical gold alongside more mainstream plays like stocks and bonds, as tailored for a super-rich investor in a world where hyperinflation reigns.

“If you’re already rich, you have to worry about inflation the same way Superman worries about Kryptonite. Because it’s the only thing that can really wipe you out. And given the way we’re spending like drunken sailors in this country, it may be an issue,” said Cramer.

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

OTalk Beta Launch: Exploring the New World of Blockchain-Powered Streaming

On September 8, the blockchain streaming platform OTalk officially launched its beta test, extending limited invitations to users worldwide to experience a new era of Web3 entertainment. This beta marks a significant step for OTalk in its global expansion and showcases the platform’s robust technical capabilities. OTalk combines blockchain technology with streaming services, offering a […]

Allin Invites You to Join TOKEN2049 – Shaping the Future of Crypto Together!

Dear Allin Community Members and Partners, We cordially invite you to join us at TOKEN2049 Summit in Singpore, the most influential cryptocurrency and blockchain summit in Asia. This event brings together top blockchain projects, investors, industry experts, and innovators from around the world, offering unparalleled opportunities for networking and collaboration! Event Details: – Date: 16th – […]