skip to Main Content
bitcoin
Bitcoin (BTC) $ 93,795.13 0.17%
ethereum
Ethereum (ETH) $ 1,759.90 1.94%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.27 1.98%
bnb
BNB (BNB) $ 600.72 0.12%
solana
Solana (SOL) $ 146.12 2.02%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.175435 2.74%
cardano
Cardano (ADA) $ 0.690546 0.88%
tron
TRON (TRX) $ 0.245487 1.41%

Cramer Says ‘Every’ Corporate Treasurer Should Be Thinking Bitcoin

The CNBC host said its almost irresponsible not to include bitcoin on balance sheets following Tesla’s buy.

(Brad Barket/Getty Images)

Cramer Says ‘Every’ Corporate Treasurer Should be Thinking Bitcoin

CNBC personality Jim Cramer has turned bullish on bitcoin balance sheets in the wake of Tesla’s $1.5 billion buy.

  • “I think it’s almost irresponsible not to include” bitcoin on corporate balance sheets, Cramer said on CNBC Tuesday.
  • “Every treasurer should be going to boards of directors and saying, ‘Should we put a small portion of our cash in Bitcoin?’ It seems to be an interesting way to hedge against the rest of the environment,” he said.
  • “I think it’s an alternative to having cash position where you make absolutely nothing,” Cramer said. The verdict on bitcoin: “Nice hedge against fiat currency.”
  • Cramer has previously endorsed MicroStrategy’s bitcoin treasury reserve. He called CEO Michael Saylor a “gunner” he wouldn’t bet against on a mid-January episode of Mad Money.
  • Cramer, who said he owns bitcoin, has previously advocated for the cryptocurrency as a hedging instrument.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top