MSTR - Jim Cramer's BTC Advice: 'If You Want Bitcoin Don't Buy MicroStrategy' | Benzinga
Jim Cramer, the host of CNBC’s “Mad Money,” recently cautioned investors against buying MicroStrategy Inc. (NASDAQ:MSTR) stock for exposure to Bitcoin (CRYPTO: BTC).
What Happened: During the lightning round segment of his show, Cramer advised, “If you want bitcoin, don't buy MicroStrategy. Buy bitcoin,” CNBC reported on Tuesday.
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MicroStrategy, led by CEO Michael Saylor, is renowned as the largest corporate holder of Bitcoin. The company has been making significant strides in blockchain innovation, including the recent launch of a decentralized identity service called “MicroStrategy Orange,” which utilizes Bitcoin’s Ordinals inscriptions to offer trustless, tamper-proof, and long-lived decentralized identities.
Why It Matters: The advice from Cramer comes at a time when the cryptocurrency market is experiencing significant movements. On Monday, the top cryptocurrencies, ...