CNBC’s mad money host Jim Cramer criticised three top-ranked crypto assets as a “giant con”.
Recently the CNBC host Jim Cramer was questioned by Squawk Box’s Rebecca Quick about his views on cryptocurrencies.
Cramer said that Solana (Sol), Ripple (XRP), and Dogecoin (Doge) like all cryptocurrencies are real cons. He also said that he is tired of such types of cryptocurrencies & he would prefer stock assets over such crypto assets.
“XRP, Solana, and Dogecoin, those I believe are all cons…(..)…Why don’t we just put up a bunch of stocks that are valued at the same size? so tired of these cons.”
Further, Cramer said that people usually consider blockchain technology & crypto assets as the same thing but here we have to compare both these two differently because there is no fault with blockchain technology.
In response to such negative comments, XRP supportive lawyer John Deaton reminded that many US government agencies like FinCEN, DOJ, and the CFTC, had described XRP as a virtual currency like Ethereum & Bitcoin.
Later Core Dogecoin developer Michi Lumin also criticized Cramer for his negative comments on flagship crypto assets and said that he doesn’t know how crypto assets work practically.
This was not the first time that CNBC’s Cramer was criticized. Earlier this, he faced criticism many times over his crypto hate comments. Few people in the crypto community take such comments as jokes and say that Cramer is bullish on Cryptocurrencies & he is signalling that crypto prices will soon surge rapidly.