Jim Cramer, a former hedge fund manager and host of CNBC's Mad Money, continued with his recent bearish stance on Crypto, a stark contrast to what another hedge funder said earlier that day on CNBC.
''t go out with gold because gold is not good, I can't go out with bitcoin because I can't be in something where Bitcoin is about to go down big,'' Cramer said.
It's unclear if it's in reference to the ongoing trial of Sam Bankman-Fried, or to bitcoin in general, but Cramer's bearishness was evident.
Although bitcoin is far away from its record-breaking $68,000 mark in the bull market of 2021, the cryptocurrency is still trading up 68% since the start of the year.
In June 2021, Cramer had earlier said that he had sold most of his bitcoin holdings in China following China's crackdown on crypto miners. In the same time period, he said bitcoin had structural problems and its price would likely drop further.
In an interview with CNBC on Monday, billionaire hedge fund giant Paul Tudor Jones said he's a fan of both bitcoin and gold due to the combination of extensive geopolitical risk and rising U.S. government debt levels.