On Dec. 23, 2022, CNBC’s Jim Cramer weighed in on the cryptocurrency sector after Sam Bankman-Fried was released on $250 million bail following the collapse of crypto exchange FTX, according to a CNBC report.
.@jimcramer weighs in on crypto after the FTX collapse: „I would not touch crypto in a million years.” https://t.co/iFF1KfKYsb pic.twitter.com/7xAJu67brC
— CNBC (@CNBC) December 23, 2022
He said, “I would not touch crypto in a million years.” And spoke against crypto and called it “the creation of many by cretin” and added that the Litecoin holders are “idiots”.
Mr. Cramer said, “I think that everyone who owns these various coins…Litecoin…I do think you are an idiot. I did not go to college to get stupid. These people who own these things should not own them.”
He also noted that he would never invest in crypto himself as his main concern is the lack of regulation and trusting a deposit bank. He told of his personal incident trying to get his money back fr
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