Jim Cramer Thinks 'Every' Corporate Treasurer Should Be Thinking Bitcoin
The CNBC host said it's almost irresponsible not to include bitcoin on balance sheets following Tesla's buy.
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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 during a mid-January episode of "Mad Money."
- Cramer, who said he owns bitcoin, has previously advocated for the cryptocurrency as a hedging instrument.
Read more: Bitcoin Could Rally Further as Tesla Leads Corporates on Treasury Investments
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
