I Own Ethereum Directly, Says Jim Cramer

Jim Cramer, a former hedge fund manager and host of CNBC’s Mad Money, recently expressed his views about Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term and revealed that he is currently holding the world’s second-most valuable digital currency.

Cramer mentioned that investors should invest approximately 5% of their investment portfolios in cryptocurrency assets. The latest statement from Cramer came nearly two months after the former hedge fund manager announced the selling of his entire Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term holdings.

“I own Ethereum directly. I think you should have up to 5% of your portfolio in crypto. I am a believer in crypto,” Cramer said. The American television personality also highlighted the useability of Ethereum and added that people can use ETH to buy things like NFTs.

Apart from Ethereum, Cramer shared his views about the stock of cryptocurrency exchange Coinbase. “I think Coinbase is inexpensive. I don’t really care for management because I think they let out a lot of stock when they started. I was against that. They should’ve been buyers, not sellers. I think the listing went very, very poorly. I think the company is the natural repository of crypto,” he said.

The Popularity of Cryptocurrency Assets

Since the start of 2021, digital currencies including Bitcoin and Ethereum have attracted substantial retail and institutional investment. The total market cap of crypto assets jumped by more than 150% in the first seven months of 2021.

“Crypto has officially become mainstream, primarily driven by a mainstream interest in crypto memes like Dogecoin and non-fungible tokens (NFTs). Robinhood recently reported that 50% of its transaction-based revenue in the second quarter was crypto, 62% of that being Dogecoin. According to Google Trends, NFTs have become more popular than DeFi, showing mainstream interest in digitally scarce collectibles,” Ian Balina, Founder and CEO of TokenMetrics, said.

“Adding on mainstream banks and financial services companies like PayPal, Venmo, Visa and Goldman Sachs launching crypto products, it is safe to say crypto has broken into the zeitgeist. The only thing remaining to take crypto even further is regulatory clarity from the SEC and CFTC,” Balina added.