TV personality and former hedge fund manager Jim Cramer recently advocated bitcoin on his millions of viewers-watched Mad Money show.
Cramer cites Bitcoin Allocation
Cramer went on the air to say how he would invest his money if he had just won the $ 731 Powerball jackpot.
The list included real estate, art, gold, and bitcoin.
Cramer advised viewers to invest 5% of their portfolio in gold and gave the same advice regarding Bitcoin. “You know what? Yes, I’ll say it – 5% in Bitcoin,” he said, adding that BTC is becoming an important store of value.
Cramer’s wording suggests that he feels that BTC is still a controversial proposition for some of his viewers.
However, the recommendation is an indicator that Bitcoin is firmly anchored in the mainstream. Viewers of one of the most watched investment shows in the US are now receiving BTC investment advice.
Disclosure: The author held Bitcoin at the time of going to press.