Mad Money Jim Cramer claims own children “comfortable with crypto”

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Last Updated on 15 September 2020 by CryptoTips.eu

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Jim Cramer, the CNBC host of the highly popular Mad Money program, was a guest for Anthony Pompliano’s podcast on crypto. Jim admitted that his children would be very “comfortable with crypto” and that there is a shift going on out of stocks towards gold and crypto.

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At Anthony’s demand, Jim had bought a bit of Bitcoin and admitted that the shift towards crypto is indeed coming, but that his generation, the boomers, would probably stick to stocks.

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Central banks printing

Talking about the rising inflation threat as central banks continue printing money to try and get economies out of the Covid-19 rut, Jim admitted that:

When I go to my inflation handbook, what it says is buy gold, buy masterpieces and buy mansions.

What we didn’t have in that menu, was crypto. We’re on a collision course, which makes me feel great about the gold I own, but I do feel that it’s perfectly logical to add crypto to the menu.

Jim, whose website touted VeChain earlier this year, also discussed Dave Portnoy’s short entry into crypto this year. The Barstool Sports President got in and out of Bitcoin and crypto quite quickly over the summer, and Jim didn’t quite understand why.

Pompliano explained the whole Winklevoss meeting for Dave Portnoy and his short entry into crypto. Both of them were clearly hoping for a reaction from that other famous American.

Inflation hedge

In essence, Jim Cramer admitted that in times of rising inflation, Bitcoin could be a good hedge indeed and Anthony Pompliano was happy to have convinced another financial legend of the essence of crypto.