Jim Cramer, The American television personality said that he bought Bitcoin for just under $18,000 to diversify his portfolio.

The host of Mad Money on CNBC and Co-founder of TheStreet.com, Jim Cramer announced that he made a well-timed Bitcoin investment last week to diversify his investment portfolio. Additionally, he expressed his desire to buy more in case of a dip in the crypto market.
Cramer mentioned his views about the recent developments in cryptocurrencies during an interview with TheStreet. He did not disclose the exact amount of his Bitcoin holdings but outlined that he purchased BTC recently between a price range of $17,000 to $18,000.
The former hedge fund manager termed Bitcoin as a perfect tool for portfolio diversification. “As an investor, you want to diversify into all sorts of asset classes. For me, it’s not about having a massive position, but it’s certainly important to be diversified and Bitcoin is an asset. And I want to have a balance of assets,” Cramer added.
Cramer expects the price of BTC to come down again because of its volatile nature. While talking about the recent price volatility in the world’s largest cryptocurrency, Cramer said: “Bitcoin is off nicely from the top. I like to buy something that’s off nicely from the top.”

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