• Jim Cramer believes that investors should have 5% of their portfolio in cryptocurrency

  • Regarding applied materials, Cramer stated that he enjoys the quarter and believes that those who sold their stock made a mistake.

    Jim Cramer, host of the popular CNBC show Mad Money, has encouraged investors to hold roughly 5% of their portfolio in cryptocurrency.

    Cramer was reported saying this in a list of major highlights from the most recent episode of his show, in which he rang the lightning round bell, a word used to refer to him answering stock questions from callers quickly.

    In response to a question on the performance of Coinbase Global, he also stated that Coinbase is affordable.

    “I believe Coinbase is reasonably priced. I don’t like management since I believe they released a lot of stock when they first started. That was something I was opposed to. They should have been purchasers rather than sellers. “I believe the listing went very, very poorly,” he continued.

    He stated that the company is a natural repository for cryptocurrency. “I will also say this, though, I own Ethereum directly,” he adds. I believe you should invest up to 5% of your money in cryptocurrency. I believe in cryptocurrency.”

    Cramer Discusses Cryptocurrency and Stock Options

    Regarding applied materials, Cramer stated that he enjoys the quarter and believes that those who sold their stock made a mistake.

    “I adore the quarter,” he says. Don’t be perplexed. It’s a good buy, especially given Micron’s recent surge. I have to tell you, I think that quarter was fantastic, and the folks who were dumping the stock had no idea what they were doing.

    He also discussed Match Group, Royalty Pharma, and Mitek Systems.

    On Match Group, he insisted that, contrary to popular assumption, the company’s quarter was not as awful as people thought.

    “I didn’t think the quarter was nearly as awful as the sellers claimed, and I believe the company is quite valuable. Maybe we just need to reexamine it, but I think everything we’ve said about it — and we’ve liked it for a long time — is worth repeating. I enjoy it a lot, but don’t forget that I also like Bumble,” he stated.

    However, he believes Royalty Pharma should have crossed the $40 threshold, saying that he is considering a portion of the shares.

    On Mitek Systems, he emphasized that, despite the low volume, it is still a buy.

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