Jim Cramer Says You Shouldn’t Borrow Money To Buy Bitcoin, Here’s Why
The issue of borrowing money in order to invest in cryptocurrencies such as Bitcoin has been a prevalent one in the crypto space. Mostly, there has been numerous news regarding individuals who borrowed money to purchase these cryptocurrencies and ended up in massive debt that they couldn’t immediately pay off due to the fact that the price of the digital assets has crashed, as they are wont to do.
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Jim Cramer, a prominent figure in the investing scene, has come out to warn against this practice. The Mad Money host had a range of advice for investors in cryptocurrency in a new CNBC where he talks about the good, the bad, and the ugly of cryptocurrencies.
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