Why Jim Cramer will invest 1% of net worth in Bitcoin

Recently, Jim Cramer, the host of CNBC’s Mad Money, says he might invest 1% of his net worth in Bitcoin (BTC). The famed investor drew comparisons between BTC and gold and cited the importance of hedging against inflation.

During a podcast with Anthony Pompliano, Cramer said he would “take a shot at that with 1%.”

Since the lead up to Bitcoin’s 2017 bull run, CNBC, Bloomberg and institutional analysts have been extremely critical of the digital asset. Most claimed that cryptocurrencies…

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