CandleFocus Jim Cramer says he’d prefer Bitcoin over MicroStrategy stock: here’s why
2024-11-22
Author: Content Editor
Famed investor Jim Cramer believes that Bitcoin is a better investment choice than MicroStrategy stock. While Cramer had previously expressed hesitation about Bitcoin, its strong performance this year has convinced him that it is a worthwhile investment. Cramer is also bullish on Bitcoin due to the expectation that it will continue to gain value, especially after the US Federal Reserve lowered interest rates. Additionally, Citron Research has disclosed a short position in MicroStrategy, which has led Cramer to view it as less appealing. Experts, such as BCA Research analyst Dhaval Joshi, predict significant upside for Bitcoin in the coming years. Overall, Cramer sees Bitcoin as a more attractive option than MicroStrategy stock.
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