The host of CNBC’s Mad Money show and American TV personality Jim Cramer has expressed his displeasure with cryptocurrencies. His comments came at a time when investors want a relief rally from digital assets.
On December 8, Squawk Box had an interview with Jim Cramer, among the discussion, the host of CNBC’s Mad Money especially criticized XRP which was recently called a con.
Cramer began by bringing up the FTX implosion and remarks from Kevin O’Leary’s interview on a recent Squawk Box broadcast when asked what he would want to talk about on the show. Blockchain, which Cramer thinks is a fantastic idea, has nothing to do with the FTX collapse, he claims. But he asserted that XRP and the majority of other blockchain-based cryptocurrencies are scams.
Jim Cramer addressed the XRP/USD quote that was shown on the program, saying that XRP/USD should not be taken seriously and that quotes for other assets should be substituted in its place.
I just find that it’s a random group of things that we put up, and I question that..
Additionally, Cramer believes that the whole thing seems to have no bottom and it is basically a big scam.
We put up XRP, Solana, and Dogecoin; those are all, I believe, cons. Why don’t we put up a bunch of stocks valued at the same size? I’m tired of the con.
For those unaware, Jim Cramer is well-known in the larger cryptocurrency community as one of the most vocal critics of the industry, taking advantage of every chance to bash digital assets on his Mad Money program and other shows. Because of the recent FTX collapse, Cramer has become even more vocal about his dislike of cryptocurrencies.
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