{"id":66511,"date":"2022-08-31T10:00:54","date_gmt":"2022-08-31T07:00:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66511"},"modified":"2025-09-07T01:43:41","modified_gmt":"2025-09-06T22:43:41","slug":"jim-cramer-the-fed-signals-investors-to-abandon-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jim-cramer-the-fed-signals-investors-to-abandon-cryptocurrencies\/","title":{"rendered":"Jim Cramer: The Fed Signals Investors to Abandon Cryptocurrencies"},"content":{"rendered":"<p>The U.S. Federal Reserve (the Fed) will continue its cycle of tightening monetary policy, a view voiced by Jim Cramer, the former manager of the Cramer &#038; Co hedge fund and host of Mad Money on CNBC.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/player.cnbc.com\/p\/gZWlPC\/cnbc_global?playertype=synd&#038;byGuid=7000261317\" scrolling=\"no\" allowfullscreen=\"\" webkitallowfullscreen=\"\" mozallowfullscreen=\"\" oallowfullscreen=\"\" msallowfullscreen=\"\" width=\"560\" height=\"349\" frameborder=\"0\"><\/iframe><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cListen, Fed Chair [Jerome] Powell told us that we must stop doing stupid things with our money. That was the gist of his <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-falls-below-21000-after-powell-remarks\">speech on Friday<\/a>,\u201d he said.<\/p>\n<\/blockquote>\n<p>According to Cramer, the Fed\u2019s commitment to curb inflation could bring \u201csome pain\u201d to American businesses and households. This will last until authorities \u201cput an end to gambling,\u201d the host added.<\/p>\n<p>Among the assets Cramer now includes cryptocurrencies. He noted that he no longer believes the argument for Bitcoin as a store of value. The former Cramer &#038; Co. manager also included <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-nfts\">NFT<\/a> and unprofitable public companies in the list of speculative assets.<\/p>\n<p>Later, Cramer reiterated this thought on Twitter:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe Fed is telling you to sell the cryptos and the NFTs and the <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> and the <span data-descr=\"special purpose acquisition company\" class=\"old_tooltip\">SPAC<\/span>, before they take your life\u2019s savings. No more nonsense!\u201d<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Fed is telling you to sell the cryptos and the nfts and the ipos and the SPACs before they take your life\u2019s savings. No more nonsense!!!<\/p>\n<p>\u2014 Jim Cramer (@jimcramer) <a href=\"https:\/\/twitter.com\/jimcramer\/status\/1564758962725130241?ref_src=twsrc%5Etfw\">August 30, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In July, Cramer <a href=\"https:\/\/u1f987.com\/en\/news\/jim-cramer-the-fed-secures-an-outstanding-victory-over-cryptocurrencies\">noted the Fed&#8217;s progress<\/a> in the fight against cryptocurrencies. In his view, digital assets do not protect investors from anything.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Federal Reserve will continue its cycle of tightening monetary policy, a view voiced by Jim Cramer, the former manager of the Cramer &#038; Co hedge fund and host of Mad Money on CNBC.<\/p>\n","protected":false},"author":1,"featured_media":66512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,1297,1138],"class_list":["post-66511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-jim-cramer","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66511"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66511\/revisions"}],"predecessor-version":[{"id":66513,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66511\/revisions\/66513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66512"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}