The American TV personality Jim Cramer advised crypto investors to beware of the risks related to the digital asset industry.
CNBC’s Jim Cramer shared yet another controversial stance on cryptocurrencies and the people who operate with them. He believes the industry is associated with the “greater fool theory.” At its core, this concept refers to the idea that one can make money by purchasing an asset and later selling it as there is always someone to buy it at a higher price.
“I didn’t buy bitcoin or Ethereum as inflation insurance.