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Jim Cramer prefers BTC over MicroStrategy stock: Bitcoin is the winner
2024-11-24 04:19
Odaily News Jim Cramer, host of CNBC's "Mad Money" show, shared his views on Bitcoin and MicroStrategy stock (MSTR) this week. During the show, a caller told Cramer: "I have held this stock since 2023, and it is now up more than 1,000%. I don't plan to sell it. In fact, after the recent adjustment, I plan to buy more." Cramer commented: "I have to tell you, this is a Bitcoin game. I prefer to actually own Bitcoin." He mentioned that Citron recently did some degree of shorting on it, and suggested: "I can only tell you, own Bitcoin. This is the winner." (Bitcoin.com) A few days ago, the short-selling agency Citron Research posted on the X platform that as Bitcoin investment has become easier than ever (currently you can buy ETFs, COIN and HOOD), MicroStrategy's trading volume has completely deviated from BTC's fundamentals. Although Citron is still bullish on Bitcoin, we have hedged by opening a short position in MicroStrategy. Citron said it pays tribute to Michael Saylor's visionary Bitcoin strategy and respects him very much, but even Michael Saylor knows that MicroStrategy is now overheated.