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Pompliano convinces Jim Cramer to buy Bitcoin
Pompliano convinces Jim Cramer to buy Bitcoin
Bitcoin

Pompliano convinces Jim Cramer to buy Bitcoin

By Marco Cavicchioli - 11 Sep 2020

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Anthony Pompliano claims to have convinced Jim Cramer to buy Bitcoin. 

Jim Cramer is a real celebrity in the American financial world, notably because he runs the TV show Mad Money on CNBC. 

It is a programme that has been dealing with investment and speculation since 2005, and is estimated to have around 200,000 viewers for the early evening version, and 100,000 for the late-night version. 

Although they are not large numbers when compared to those of mainstream TV, they are nevertheless decidedly significant with respect to television programmes dedicated to investments. 

Jim Cramer: “Bitcoin is like Monopoly money” 

Cramer started working at Goldman Sachs in 1984 dealing with sales and trading. In 1987 he left Goldman Sachs to start his own hedge fund, Cramer & Co., with which he raised $450 million. 

He claimed to have produced an average annual return of 24% over 14 years and regularly earned more than $10 million a year. 

In 2001 he retired from hedge fund management and had been a frequent guest commentator at CNBC since the late 1990s. 

He has had his own programme since 2005, and in the same year, he was interviewed by Dan Rather on the famous 60 Minutes programme. 

He has also appeared in dozens of other TV shows, and in some very successful films, such as Wall Street: Money Never Sleeps, or in Iron Man where he appears as himself in the program Mad Money. 

As far as Bitcoin is concerned, in the past Cramer defined it as “Monopoly money”, hence Pompliano’s intervention could be a kind of conversion of a mainstream character well known to American investors.

Indeed, Pompliano himself wrote about Cramer:

“He understands the benefit of Bitcoin better than most”. 

The fact is that for several months now Pompliano has been pointing out that he is expecting an inflationary phase of the US dollar because of the huge amount of money the Fed is creating to deal with the coronavirus emergency. 

It is likely that this concept will also be able to easily appeal to a number of investors involved in traditional finance, allowing the well-known crypto influencer to also highlight the long-term deflationary nature of bitcoin. 

 

Marco Cavicchioli
Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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