{"id":522212,"date":"2022-12-06T20:39:38","date_gmt":"2022-12-06T17:39:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/abandon-cryptocurrency-cnbcs-jim-cramer-tells-investors\/"},"modified":"2022-12-06T20:39:38","modified_gmt":"2022-12-06T17:39:38","slug":"abandon-cryptocurrency-cnbcs-jim-cramer-tells-investors","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/abandon-cryptocurrency-cnbcs-jim-cramer-tells-investors\/","title":{"rendered":"#Abandon cryptocurrency, CNBC&#8217;s Jim Cramer tells investors"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d28db3ea80\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d28db3ea80\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/abandon-cryptocurrency-cnbcs-jim-cramer-tells-investors\/#%E2%80%9CAbandon_cryptocurrency_CNBCs_Jim_Cramer_tells_investors%E2%80%9D\" >&#8220;Abandon cryptocurrency, CNBC&#8217;s Jim Cramer tells investors&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CAbandon_cryptocurrency_CNBCs_Jim_Cramer_tells_investors%E2%80%9D\"><\/span>&#8220;Abandon cryptocurrency, CNBC&#8217;s Jim Cramer tells investors&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX\u2019s catastrophic bankruptcy.<\/p>\n<p>Cramer, a frequent critic of the cryptocurrency sector, likened current conditions within the cryptocurrency sector to those investors experienced when the dotcom bubble burst in 2000. The polarizing CNBC fixture said investors should cut their losses during a period of upheaval in digital currencies.<\/p>\n<p>\u201cYou can\u2019t just beat yourself up and say, \u2018hey, it\u2019s too late to sell.\u2019 The truth is, it\u2019s never too late to sell an awful position, and that\u2019s what you have if you own these so-called digital assets,\u201d Cramer said Monday <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/12\/05\/jim-cramer-urges-investors-to-exit-crypto-its-never-too-late-too-sell.html\">on CNBC\u2019s \u201cMad Money.\u201d<\/a><\/p>\n<p>FTX\u2019s collapse from a $32 billion valuation into bankruptcy last month upended the fledging sector and sparked fears of a \u201ccontagion\u201d effect on other firms. FTX creditors are still owed billions of dollars, with no resolution in sight.<\/p>\n<p>Meanwhile, the price of bitcoin has plunged 66% to $16,987 over the last 12 months as central bank policy tightening efforts and recession fears prompt investors to dump their riskier assets in favor of safer bets.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-221206-92.jpg?w=1024\" alt=\"Sam Bankman-Fried\" class=\"wp-image-24912215\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-221206-92.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-221206-92.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-221206-92.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sam Bankman-Fried is the former CEO of FTX.<\/figcaption><figcaption><span class=\"credit\">CQ-Roll Call, Inc via Getty Imag<\/span><\/figcaption><\/figure>\n<p>Cramer added that \u201cmarginal\u201d digital currencies, such as Dogecoin, XRP, Cardano and Polygon, could be \u201cheaded to zero\u201d in the months ahead \u2014 and blasted what he described as inflated valuations within the sector.<\/p>\n<p>\u201cTether, a so-called stablecoin that\u2019s supposed to be kinda-sorta pegged to the dollar, still has a $65 billion market cap,\u201d Cramer said.<\/p>\n<p>\u201cThere\u2019s still a whole industry of crypto boosters trying desperately to keep all of these things up in the air \u2014 not too different from what h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened with bad stocks during the dotcom collapse,\u201d he added.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/bitcoin-221206-87.jpg?w=1024\" alt=\"The price of bitcoin has plunged 66% to $16,987 over the last 12 months.\" class=\"wp-image-24912204\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/bitcoin-221206-87.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/bitcoin-221206-87.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/bitcoin-221206-87.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The price of bitcoin has plunged 66% to $16,987 over the last 12 months.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Cramer has been an outspoken critic of FTX and its disgraced founder Sam Bankman-Fried in recent days. Last week, Cramer blasted Bankman-Fried as a \u201ctotal con artist\u201d and called the 30-year-old former billionaire \u201cdisgusting\u201d over his handling of FTX\u2019s collapse.<\/p>\n<p>Cramer\u2019s investment advice is frequently derided on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> \u2014 with critics regularly claiming they \u201cshort\u201d his bets.<\/p>\n<p>In August, Cramer got embroiled in a feud with the Financial Times\u2019 \u201cAlphaville\u201d blog. The publication had joked that Cramer\u2019s call that inflation had peaked in July \u201cleads us to worry that it hasn\u2019t.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"869\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/jim-kramer-221206-88.jpg?w=869\" alt=\"Jim Cramer\" class=\"wp-image-24912205\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/jim-kramer-221206-88.jpg?quality=75&amp;strip=all&amp;w=1738 1738w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/jim-kramer-221206-88.jpg?quality=75&amp;strip=all&amp;w=1303 1303w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/jim-kramer-221206-88.jpg?quality=75&amp;strip=all&amp;w=869 869w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/jim-kramer-221206-88.jpg?quality=75&amp;strip=all&amp;w=434 434w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/jim-kramer-221206-88.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 869px) 100vw, 869px\"\/><figcaption>Jim Cramer previously slammed FTX\u2019s Sam Bankman-Fried.<\/figcaption><figcaption><span class=\"credit\">Evan Agostini\/Invision\/AP<\/span><\/figcaption><\/figure>\n<p>The FT later mockingly \u201capologized\u201d to Cramer for the joke.<\/p>\n<p>\u201cIn a\u00a0previous Alphaville post\u00a0we may have implied that Jim Cramer\u2019s peak-inflation call was a reverse indicator for our readers. We regret the error. It was not our intention to give Cramer\u2019s opinions any credence whatsoever,\u201d the outlet quipped at the time.<\/p>\n<p>In October, an emotional Cramer apologized for pushing viewers to buy shares of Meta \u2013 only for the company\u2019s stock to plunge to its lowest level in six years.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/12\/06\/cnbcs-jim-cramer-tells-investors-to-abandon-crypto-its-never-too-late-to-sell\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Abandon cryptocurrency, CNBC&#8217;s Jim Cramer tells investors&#8221; CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX\u2019s catastrophic bankruptcy. Cramer, a frequent critic of the cryptocurrency sector, likened current conditions within the cryptocurrency sector to those investors experienced when the dotcom bubble burst in 2000&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":522213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/jim-kramer-comp.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135234,89897,136812,71739,76127,5069,72667,71740],"class_list":["post-522212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx","tag-sam-bankman-fried","tag-12-6-22","tag-cnbc","tag-cryptocurrency","tag-economy","tag-investors","tag-jim-cramer"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/522212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=522212"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/522212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/522213"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=522212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=522212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=522212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}