CNBC's Jim Cramer: Investing in crypto is smart; here’s why

Jim Cramer, who hosts the popular finance and investment show “Mad Money”, shared his thoughts on crypto on CNBC Make It. He thinks crypto should be part of any diversified portfolio.

Why did he start buying crypto?  

Jim Cramer told CNBC Make It that he bought Ethereum (ETH/USD) because he was in a bidding auction to buy an NFT and they wouldn’t let him spend dollars. He did research and found Ethereum had “some qualities” he liked. He assures that it’s ok to own something that’s speculative, adding it’s even something he teaches.

When he started “Mad Money”, he said:

Cramer has ‘no idea’ what crypto is worth

Cramer told CNBC:

He advises against borrowing money to own crypto. In his experience, this is something many people (wrongly) do. However, he does recommend buying. He concluded:

The highly popular CNBC show "Mad Money," which he is best-known for hosting, communicates to viewers the mentality of a professional investor. The host never tells people directly what to think or do.