Jim Cramer still owns ‘a lot’ of Ether he first bought for an NFT auction
May 5, 2021. Summarized by summa-bot.
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CNBC's Jim Cramer still holds Ether he first bought in order to bid in a TIME magazine NFT auction.
In the latest sign that crypto continues to filter through into the mainstream, CNBC host Jim Cramer has spent the week discussing the large quantity of Ether (ETH) he holds.
On CNBC's Squawk Box on May 4, Cramer said he owns “a lot of Ether,” explaining that he first bought it when he was trying to “buy some nonfungible token on TIME magazine.
So they made you buy Ether first.
"I'll buy a house with Ether," Cramer half-joked in response.
Speaking in more detail about using Bitcoin for the down payment on his property in another interview earlier this week, Cramer presented himself neither as a purist HODLer nor as someone who carelessly sells it off:
In what he presented as an approach to crypto that goes against certain “all-or-nothing” trading orthodoxies, Cramer added, “I don't get enjoyment from living in Bitcoin, but I did get great enjoyment from buying this place, stocking the pond, fishing, enjoying my family together. ”