Jim Cramer still owns “a lot” of ether, which he first bought for an NFT auction

In the latest sign of cryptocurrencies continuing to hit the masses, CNBC host Jim Cramer spent the week talking about the large amount of ether (ETH) he owns.

In program Squawk box from CNBC on Tuesday, Cramer said he had “a lot of ether”and stated that the first time he bought it when he tried it “Buy a non-fungible token in Time Magazine. Back then, you bought ether first. I didn’t get it, so I kept ether.”.TO

Cramer was referring to Time Magazine’s most recent cover auction in the form of non-fungible tokens.when each cover eventually sold for between $ 100,000 and $ 250,000.

Jim Cramer still owns “a lot” of ether, which he first bought for an NFT auction
Jim Cramer still owns “a lot” of ether, which he first bought for an NFT auction

However, Sticking to Ether now “seems like better business,” joked his interviewergiven the current rally in that currency Trade over $ 3,300, 130% more this week. “I’m going to buy a house with ether”Cramer answered half jokingly.

Cramer’s argument about paying for real estate with your cryptocurrency earnings is more than a spontaneous comment. The TV host said last month that he recently repaid a mortgage with the proceeds of his Bitcoin (BTC) investments.

For more information on using Bitcoin to deposit your property in another interview earlier this week. Cramer presented himself neither as a purist hodler nor as someone who sells it carelessly::

“You don’t have to stay in. Again, it’s that kind of front man that is going to happen that you buy bitcoin, move up and then lose everything. And I say that you buy bitcoin, you get what you can […] to be able to buy something of great value that is historically valuable and then let it flow. […] It’s not a lottery ticket. Lots and lots of people got carried away and I think they should sell something and then do something else with it and let something circulate. ”

In an approach he presented to cryptocurrencies that violates certain “all or nothing” trade orthodoxy, Cramer added: “I don’t like living on Bitcoin, but I really enjoyed buying this place, filling the pond, fishing and enjoying my family together.”

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