The former hedge-fund manager and host of CNBC’s Mad Money, Jim Cramer, described himself as a ‘renegade’ and said he had sold half of his Bitcoin holdings.
.@jimcramer discloses that he bought a lot of bitcoin when it was around $12K. He says he sold half of it to pay off his mortgage yesterday. “It was like phony money paying for real money… I think I won.” https://t.co/L909N1g6x0 pic.twitter.com/hfkzTmIdWl
— CNBC (@CNBC) April 15, 2021
“I know people will be angry at me, but yesterday I paid off the mortgage with it [Bitcoin],” Cramer said on Squawk on the Street.
The host did not specify how many coins he sold. He said it was half of his digital-gold holdings.
A Twitter user under the handle SZ BeatzCoin compared Cramer’s decision to buying a pizza for 10,000 BTC.
Going to be the next pizza-boy… https://t.co/vDfMDa3bBR
— SZ BeatzCoin (@TheRealZambino) April 16, 2021
In December 2020, Cramer said he ‘timely’ investment in Bitcoin on December 11 at a price below $18,000.
On March 22, 2021, the host thanked Morgan Creek Digital co-founder Anthony Pompliano for inspiring him to invest in the first cryptocurrency.
Earlier, investor and star of the TV show Shark Tank, Kevin O’Leary, said he planned to invest 3% of his assets in digital gold.
As noted, billionaire Mark Cuban said that concentrated 60% of his cryptocurrency investment portfolio in Bitcoin, 30% in Ethereum, and 10% in other digital assets.