Jim Cramer Borrows A Page From Jamie Dimon In Warning Investors About Bitcoin ETPs: ‘Know What Exactly You Might Be Putting Your Money In’
CNBC’s ‘Mad Money’ host Jim Cramer weighed in on the decision by the Securities and Exchange Commission (SEC) to approve spot Bitcoin (CRYPTO: BTC) exchange-traded products (ETPs) in the United States. What Happened: Cramer, referencing comments from JPMorgan CEO said, “I’m taking a page from Jamie Dimon here — this is a caveat emptor situation,†advocating for a well-informed investing approach when it comes to the new spot Bitcoin ETPs. He pointed out the mismatch between the amount of money going into these financial products and the rise in Bitcoin’s price. “You can make up your own mind a…