Jim Cramer Warns Crypto Will Take Your Life Savings

Longtime CNBC host Jim Cramer claims that investors should get out of cryptocurrencies, non-fungible tokens, and special purpose acquisition companies (SPACs)

Cramer claims that these assets could potentially evaporate investors’ life savings.

On the most recent episode of his hit show “Mad Money,” Cramer admitted that he was wrong about cryptocurrencies.

“I think it’s time we start questioning the fundamentals of crypto,” Cramer says.

The famous stock picker also questioned whether CNBC should report on crypto at all. “We won’t even need to have these quoted on the side of the television screen anymore,” he said.

Cramer has admitted that he was wrong about crypto now that it has failed to perform as a store of value.

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