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​Jim Cramer And CoinShares' Chief Strategy Officer Poured Cold Water On Dogecoin

Mary Liu

Summary: In the live broadcast of The Street, CNBC "Mad Money" host Jim Cramer expressed his bearish attitude towards Dogecoin. He said: "Sorry, I’m not gonna do that one. I'm a seller of Dogecoin." Cramer stated that he holds Bitcoin and Ethereum and these two are the greatest stores of value. Meltem Demirors, Chief Strategy Officer of ...

In the live broadcast of The Street, CNBC "Mad Money" host Jim Cramer expressed his bearish attitude towards Dogecoin. He said: "Sorry, I’m not gonna do that one. I'm a seller of Dogecoin." Cramer stated that he holds Bitcoin and Ethereum and these two are the greatest stores of value.

Meltem Demirors, Chief Strategy Officer of CoinShares also believes that Dogecoin is a classic bubble. In an interview with CNBC, she says there is no analysis of Dogecoin in their system, no Dogecoin ETP in the market, and the company does not trade Dogecoin. 

According to the Bitpush data, Dogecoin reached its highest price at about $0.45 earlier this month. At the beginning of 2021, the value of Dogecoin was less than $0.01.

By Mary Liu

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