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I don't think Jim Cramer is creating his own crypto. Where did you hear that? I don't watch his show but a quick google search produced no results. He has sa
by w4llstr33t 5y ago
I don't think Jim Cramer is creating his own crypto. Where did you hear that? I don't watch his show but a quick google search produced no results. He has said he has invested in Bitcoin and Ethereum, but also seemed to have gotten out as soon as they started to go down.
However, I don't disagree that retail investors may end up with issues with crypto, but I don't think traditional markets are necessarily safe for retail investors either. Big money controls both crypto and traditional markets. Governments can bail out traditional markets, but in the end big money gets most of the bailout, too. Traditional markets, at least right now, are less volatile than crypto, but things like March 2020 show that they aren't for certain, either. It sounds like we don't really disagree though since you referred to watching various bull and bear cycles.