Jim Cramer Says Avoid Crypto, Stick With Gold for ‘Real Hedge’ Against Inflation and Economic Chaos – Economics Bitcoin News
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In a recent interview with CNBC, financial pundit Jim Cramer said investors should avoid cryptocurrencies and stick with gold as a “real hedge” against inflation and economic chaos.
Cramer, who is the host of the popular show Mad Money, said that while he is “a big believer in technology” and “loves the idea of cryptocurrencies,” he does not think they are a good investment right now. He believes that gold is a better choice for investors looking for a hedge against inflation and economic turmoil.
Cramer said that gold has been a reliable store of value for centuries, and he believes it is still a good option for investors. He believes that gold is a better choice than cryptocurrencies because it is more stable and less volatile. He also said that gold can be used as a hedge against inflation, which is a major concern right now.
Cramer also said that he believes cryptocurrencies are still “in their infancy”, and that it is too early to invest in them. He said that he believes there is still a lot of uncertainty surrounding the technology and the markets, and that investors should be cautious when investing in this asset class.
Cramer’s advice is in line with many other financial experts who believe that investors should be cautious when investing in cryptocurrencies. Many believe that the technology is still too new and too volatile to be a reliable store of value.
Investors should also be aware of the potential risks associated with investing in cryptocurrencies. While the technology has the potential to revolutionize the financial industry, it is still largely unregulated and there is a lot of speculation about its future.
Overall, Cramer believes that investors should avoid cryptocurrencies and stick with gold as a “real hedge” against inflation and economic chaos. While cryptocurrencies have the potential to be revolutionary, they are still too new and too volatile to be a reliable store of value. Gold, on the other hand, has been a reliable store of value for centuries and is a better choice for investors looking for a hedge against inflation and economic turmoil.
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