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Mad Money host Jim Cramer has provided some investment advice aimed at the latest Powerball jackpot winner of $731.1 million. He recommends putting 5% of the jackpot in bitcoin alongside several other investments, such as gold and real estate.<\/strong><\/p>\n Someone won a Powerball jackpot worth an estimated $731.1 million last week, which was one of the largest lottery prizes in U.S. history. The winning ticket was sold at Coney Market, a convenience store in Lonaconing, a town in Maryland. The store will get a $100,000 bonus for selling the ticket.<\/p>\n Jim Cramer, the host of Mad Money on CNBC, offered some advice to the lucky winner on Friday. The former hedge fund manager also co-founded the financial website Thestreet.com.<\/p>\n Cramer provided a list of investments he recommends for the jackpot winner. It consists of precious metals, real estate, art, bitcoin, municipal bonds, and dividend-paying stocks.<\/p>\n For the Powerball jackpot winner, Cramer said: \u201cWhen you are super rich like this, your main worry is not the taxman. You\u2019ve got to be worried about inflation, specifically hyperinflation, that\u2019s the only thing that can really threaten the nine-digit fortune.\u201d<\/p>\n He continued, \u201cSo what holds value during periods of hyperinflation?\u201d Cramer revealed, \u201cYou may not know this but it\u2019s precious metals, real estate, and great art.\u201d The Mad Money host has long been a gold proponent. He advised, \u201cAs for gold, yes, 5% jackpot into bullion.\u201d However, he also warned, \u201cDon\u2019t store the bullion at home, put it in safety deposit boxes.\u201d Cramer added:<\/p>\n If you won the lottery, go ahead, yes, I am going to say it, 5% in bitcoin.<\/p>\n<\/blockquote>\n Cramer further suggested without going into any detail: \u201cDon\u2019t buy it all at once, crypto could be incredibly volatile. Don\u2019t buy on the weekend. But it\u2019s an important new storehold of value.\u201d<\/p>\n <\/ins> <\/ins> <\/p>\n Besides recommending investments, Cramer also provided some general advice for Powerball jackpot winners, such as to watch out for scammers and to collect their winnings as a lump sum rather than annuities. \u201cAlways take the lump sum. You can stick it in treasury bonds and the interest you will accrue will make you more than if you took the annuity,\u201d the Mad Money host said.<\/p>\n Cramer himself began looking into<\/a> investing in BTC<\/a> due to concerns of massive inflation. In December, he revealed that he had bought<\/a> some bitcoin but sold<\/a> the cryptocurrency earlier this month. He said to treat BTC<\/a> like a stock: \u201cAs I tell people \u2026 if you have a double, take a lot out \u2026 It\u2019s just no different from a stock.\u201d<\/p>\nJim Cramer Says Put 5% of Powerball Jackpot in Bitcoin<\/h2>\n
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