CNBC host: Ethereum is an excellent store of value
2024-05-26 05:00:07
CNBC Mad Money host Jim Cramer shared his views on Ethereum and spot ETH exchange-traded funds (ETFs) this week, saying: "I hold ETH because I think Ethereum is a great store of value in today's world where the dollar is going to be in trouble due to the U.S. federal budget deficit." Additionally, Jim Cramer clarified that ETH is not a stock, "but thinks it's worth owning". Jim Cramer, a former Bitcoin proponent, sold all of his bitcoin holdings due to concerns about ransomware after initially suggesting allocating 5% of his portfolio to BTC in March 2021.
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