Jim Cramer is not one of those financial experts who consistently warns against buying cryptocurrency. The Mad Money host and former hedge fund manager told fans this year that he owns both Bitcoin (BTC) and Ethereum (ETH).
However, the popular TV personality has recently urged crypto investors to take profits. The reason? He believes that the whole crypto industry could be hit by the Evergrande fallout in China.
One email a day could help you save thousands
Tips and tricks from the experts delivered straight to your inbox that could help you save thousands of dollars. Sign up now for free access to our Personal Finance Boot Camp.
By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.
What does Evergrande have to do with crypto?
Evergrande is a massive Chinese property developer which has expanded into everything from food production to sports teams. Unfortunately, it owes $300 billion, and there’s a real fear it could default