Pular para o conteúdo principal

Mad Money’s Jim Cramer Advises $731M Powerball Jackpot Winner to Put 5% in Bitcoin – Featured Bitcoin News

Mad Money host Jim Cramer has provided some investment advice aimed at the latest Powerball jackpot winner of $731.1 million. He recommends putting 5% of the jackpot in bitcoin alongside several other investments, such as gold and real estate.

Someone won a Powerball jackpot worth an estimated $731.1 million last week, which was one of the largest lottery prizes in U.S. history. The winning ticket was sold at Coney Market, a convenience store in Lonaconing, a town in Maryland. The store will get a $100,000 bonus for selling the ticket.

Jim Cramer, the host of Mad Money on CNBC, offered some advice to the lucky winner on Friday. The former hedge fund manager also co-founded the financial website Thestreet.com.

Cramer provided a list of investments he recommends for the jackpot winner. It consists of precious metals, real estate, art, bitcoin, municipal bonds, and dividend-paying stocks.

For the Powerball jackpot winner, Cramer said: “When you are super rich like this, your main worry is not the taxman. You’ve got to be worried about inflation, specifically hyperinflation, that’s the only thing that can really threaten the nine-digit fortune.”

He continued, “So what holds value during periods of hyperinflation?” Cramer revealed, “You may not know this but it’s precious metals, real estate, and great art.” The Mad Money host has long been a gold proponent. He advised, “As for gold, yes, 5% jackpot into bullion.” However, he also warned, “Don’t store the bullion at home, put it in safety deposit boxes.” Cramer added:

If you won the lottery, go ahead, yes, I am going to say it, 5% in bitcoin.

Cramer further suggested without going into any detail: “Don’t buy it all at once, crypto could be incredibly volatile. Don’t buy on the weekend. But it’s an important new storehold of value.”

Besides recommending investments, Cramer also provided some general advice for Powerball jackpot winners, such as to watch out for scammers and to collect their winnings as a lump sum rather than annuities. “Always take the lump sum. You can stick it in treasury bonds and the interest you will accrue will make you more than if you took the annuity,” the Mad Money host said.

Cramer himself began looking into investing in BTC due to concerns of massive inflation. In December, he revealed that he had bought some bitcoin but sold the cryptocurrency earlier this month. He said to treat BTC like a stock: “As I tell people … if you have a double, take a lot out … It’s just no different from a stock.”

What do you think about Jim Cramer’s bitcoin advice? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Comentários

Postar um comentário

Postagens mais visitadas deste blog

Crypto Exchange Giant Coinbase to Sell Shares Privately Ahead of Public Offering – Bitcoin News

According to a recent report, the San Francisco-based cryptocurrency exchange Coinbase is purportedly planning to sell stock on Nasdaq’s private market ahead of the initial public offering (IPO). Coinbase reportedly notified shareholders that they will receive information pertaining to the private sale this week. Coinbase is the biggest digital currency exchange in the United States and one of the largest trading platforms worldwide. At the time of publication, between BTC and ETH deposits, Coinbase holds over $40 billion in digital assets under management (AUM) according to Bituniverse exchange balance ranks. As far as other digital assets under management the San Francisco exchange recently noted it holds $90 billion AUM in cryptocurrencies. In mid-December, Coinbase announced the confidential filing of an S-1 initial public offering with the U.S. Securities and Exchange Commission. On Friday, the financial columnist from The Block, Frank Chaparro, reported that Coinbase will s...
Postar um comentário
Leia mais

St Marche: a história da improvável rede de supermercados que fatura R$ 800 milhões

A história de Bernardo Ouro Preto e Victor Leal, que também trouxeram o Eataly para o Brasil, é tema do episódio do podcast Do Zero ao Topo SÃO PAULO – Sem qualquer experiência no varejo, dois executivos resolveram criar uma rede de supermercados voltada para a classe A em 2002. A ideia foi desencorajada por todos os banqueiros e executivos com MBAs de universidades Ivy League que a dupla conhecia. Mas Bernardo Ouro Preto e Victor Leal resolveram seguir em frente. Contrariando probabilidades, o St Marché é hoje uma rede com 20 lojas e que faturou cerca de R$ 800 milhões em 2020. “As ideias inovadoras que a gente teve na época foram rebatidas pelas pessoas que conhecem o business. Aí a gente tomou a decisão de que iríamos inovar e, para fazer isso, contratamos só gente que não vinha desse business”, contou Bernardo Ouro Preto, fundador e CEO da companhia em entrevista ao podcast Do Zero ao Topo . As 10 melhores corretoras para investir em ações, segundo a Proteste Curso gratuito: como v...
Postar um comentário
Leia mais

Revolução do e-commerce enfim chega à América Latina

O movimento tem potencial para ser mais lucrativo em países onde boa parte da população está comprando online pela primeira vez Daqui a alguns anos, quando o impacto da pandemia sobre o setor empresarial tiver sido analisado, é provável que o aspecto mais lucrativo seja como a Covid-19 empurrou enormes mercados para a nova era do comércio eletrônico. Em muitos países, as compras online não avançavam devido à infraestrutura deficiente e à relutância ou impossibilidade de uso de bancos e meios eletrônicos de pagamento. Em muitos lugares, o crescimento estava paralisado, mas o tumulto trazido pelo coronavírus forçou mudanças rápidas. No México, menos da metade dos adultos tem conta bancária e menos de 5% das vendas no varejo eram realizadas pela internet antes da pandemia, o equivalente a um terço da média global. A falta de acesso ao sistema bancário e a falta de confiança no sistema financeiro deixaram o país de fora da disparada do comércio online observada nos EUA, Europa e China. As ...
Postar um comentário
Leia mais