![\"Mad](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/12\/jim-cramer-bitcoin-768x432.jpg\")
<\/p>\n<\/p>\n
Jim Cramer, the host of Mad Money and co-founder of The Street, has bought some bitcoin with the intention to keep increasing his holdings. He explained his purchase strategy and said there\u2019s no reason not to wait for bitcoin\u2019s price to come down again.<\/strong><\/p>\n Jim Cramer is the host of Mad Money on CNBC, a former hedge fund manager, and a co-founder of Thestreet.com, a financial news and literacy website. He tweeted on Friday in response to a comment about a dip in bitcoin\u2019s price. \u201cI think I will buy some,\u201d he wrote.<\/p>\n Cramer confirmed a few hours later on Thestreet that he had purchased bitcoin. He then explained that he bought the cryptocurrency at the time because the price of bitcoin had just fallen back down to the $17K level. \u201cIt was simply a decent level,\u201d the Mad Money host said, adding:<\/p>\n I will buy like I usually do. As something comes down, I\u2019ll get bigger and bigger and bigger. I just think that you want to diversify into all sorts of asset classes.<\/p>\n<\/blockquote>\n \u201cI have gold,\u201d he continued. \u201cI want to diversify into some bitcoin, not a big position for me but it\u2019s certainly important to be diversified and bitcoin is an asset and I want to have a balance of assets.\u201d<\/p>\n <\/ins> <\/ins> <\/p>\n While responding to a question about how an investor would start investing in bitcoin, Cramer opined:<\/p>\n You just have to recognize the history of it that it ran up and then ran down. It got too much money, got too hot so there\u2019s no reason not to wait for it to come down again.<\/p>\n<\/blockquote>\n When he bought bitcoin on Friday morning, he said that the price of the cryptocurrency was \u201coff nicely from the top, and I like to buy something that\u2019s off nicely from the top.\u201d<\/p>\n In September, Cramer said<\/a> that he was considering buying bitcoin because he feared a \u201cmassive amount of inflation.\u201d He was also concerned about leaving an inheritance to his children, emphasizing that they would not feel comfortable with gold but would feel comfortable with crypto.<\/p>\n What do you think about Jim Cramer\u2019s bitcoin buy strategy? Let us know in the comments section below.<\/strong><\/em><\/p>\n The post Mad Money\u2019s Jim Cramer Buys Bitcoin, Reveals Strategy to Increase Holdings<\/a> appeared first on Bitcoin News<\/a>.<\/p>\nJim Cramer Bought Bitcoin<\/h2>\n
![\"Mad](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/12\/jim-cramer-bitcoin-tweet.png\" "\\"Mad")
<\/p>\n\n
\n