- Jim Cramer advised investors to get out of crypto.
- The CNBC host also warned about Chinese stocks.
- Cramer believes that investments in traditional stocks and mutual funds will yield better returns.
On Monday, Jim Cramer from CNBC said that investors have a good chance to get out of crypto and scale out of Chinese stocks as neither can be trusted.
In the near past, Cramer has argued that while both markets have seen significant returns over the last few years, they’re far too speculative and have too many unknowns to trust. He noted that the Chinese government heavily influences the Chinese stock market and that the cryptocurrency market is subject to significant price fluctuations due to its volatility.
According to CNBC, China has been conducting a months-long regulatory crackdown aimed broadly at its tech giants, and it has introduced legislation ranging from anti-monopoly measures to data security. The moves have sent investors scrambling and wiped out billions of dollars in value from China’s tech titans.
On the other hand, experts have argued that the failure of FTX, which had a peak market value of $32 billion, has brought the cryptocurrency industry under severe scrutiny and led to growing losses in a market that has seen digital assets being hammered by the Federal Reserve’s increases in interest rates.
Allegedly, the losses from the market shakeout have been felt within the cryptocurrency community, which has seen prices for top digital assets such as Bitcoin, Ethereum, Ripple, and Litecoin plunge in value.
Cramer advised that investing in such markets could put investors at risk of losing money and suggested that they instead look for more stable investments. He recommended investments in traditional stocks and mutual funds, noting that these have more consistency in both returns and the underlying market dynamics.
Post Views: 46
Source: https://coinedition.com/jim-cramer-get-out-of-crypto-and-scale-out-of-chinese-stocks/