CNBC’s Jim Cramer alert Investors About DOGE: calls asset as Security

• CNBC anchor Jim Cramer believes investors should “be cautious” about Dogecoin (DOGE), even implying that the meme coin is a security.

• The Mad Money show warns his 1.7 million fans in a recent tweet that the famous dog-themed currency may not be all fun and games.

• Dogecoin is the world’s leading meme coin, and it has won the admiration of celebrities such as Elon Musk and Mark Cuban.

Kramer tweet about Doge

Jim Kramer, a former hedge fund manager and long-time host of CNBC’s “Mad Money,” has advised investors to be wary about Dogecoin. Dogecoin, according to Kramer, is security.

Security is a fungible and marketable financial asset that may be used to raise funds in both public and private markets.

– Advertisement –

Kramer’s post caused controversy among cryptocurrency enthusiasts, with many claiming that Dogecoin is not a security. The Securities and Exchange Commission (SEC) of the United States has yet to comment on DOGE as security.

Kramer belief in cryptocurrencies

Kramer is a well-known TV personality who discusses financial assets. He has spoken about cryptocurrencies and offered various pieces of advice on how investors might approach the market over the last few years.

Kramer stated in October of last year that speculating on cryptocurrencies is permissible as long as investors are aware of the dangers involved.

“You have my blessing to speculate on it as long as you understand the very real likelihood that the entire investment case for crypto is predicated on the bigger fool premise,” he said.

Kramer has long believed that cryptocurrencies are only suitable for speculative purposes. He has, however, always recommended investors put part of their money into cryptocurrencies.

• DOGE has been underperforming since the beginning of the year as the cryptocurrency market’s poor trend continues. DOGE is now trading at $0.1534, down 8% in the previous 24 hours as of press time.