Two months after recommending investors buy ETH for an easy 35-40% gain, Jim Cramer thinks crypto is worthless again while also slamming NFTs as an “awful asset” class with made-up value.
on the bearish performance of various asset classes in 2022. He stated that the current sector he is currently “most interested in” is crypto as he slammed it as essentially being worthless while predicting more carnage ahead.
"Crypto really does seem to be imploding. Went from $3 trillion to $1 trillion. Why should it stop at $1 trillion? There's no real value there."The comments are in stark contrast to just two months earlier when Cramer enthusiastically stated that he was a “believer” in Ethereum, and “you could easily get 35-40%” return on investment in the near future.
This prediction occurred when Ether was priced at roughly $3,000, and the price has since dropped 62% since then.
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