Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
ETH Well-known TV host Jim Cramer recommends buying Bitcoin directly rather than derivatives
Well-known TV host and former hedge fund manager Jim Cramer is known for his outspoken approach to market dynamics. On "Crazy Money", no matter who asks him questions, he gets a candid response.
On August 20, Sanjay from California called Cramer to ask if Bitmine Immersion Technologies (NYSE: BMNR) shares were still worth buying. Bitmine Immersion is the world's leading Ethereum (ETH) treasury company, holding 5.81 million Ethereum tokens. As of August 16, the digital asset treasury company also held 210 bitcoins (BTC).
In response to Sanjay's questions, Cramer advised him to "buy Bitcoin directly" and ignore derivatives such as BMNR, calling them "too risky." Kramer told Sanjay: "You can buy Bitcoin. I recommend this."
Just a few weeks ago, Cramer said he would sell Bitcoin.
Cramer suggested buying Bitcoin, just a few weeks after his previous announcement that he would sell the mainstream cryptocurrency. In an interview, Cramer asked IBM CEO Arvind Krishna whether technological advances in quantum computing would ultimately crack the cryptographic function that protects Bitcoin. Krishna responded: "I think you should give yourself three to four years, when I will be quite worried about it." A few days later, Kramer revealed that based on Krishna's warning, he would sell his bitcoins.
Bitcoin breaks US$79000
On August 21, following the extensive cryptocurrency rally that began on August 19, the price of Bitcoin broke through the $79000 mark. On the same day, the U.S. Treasury Department announced that it would at least double the size of long-term government bond repurchase. In addition, President Donald Trump has reiterated his commitment to making the United States the world's Bitcoin capital and urged Congress to pass a "fair version" of the Clarification Act.
