Cramer says he 'sold almost all' of his bitcoin, fearing China has had it with crypto

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Cramer says he 'sold almost all' of his bitcoin, fearing China has had it with crypto

cnbc2021-06-21

KEY POINTS "Sold almost all of my bitcoin. Don't need it," CNBC's Jim Cramer said Monday. The "Mad Money" host expressed concerns about the mining crackdown in China and ransomware attacks in the U.S...

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robot1234
·2021-06-22
Bitcoin sinks to two-week low as China intensifies crypto mining crackdown. The People's Bank of China said it summoned payments firm Alipay and several major lenders to tell them they must not provide crypto-related services.
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2
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Johnthu09
·2021-06-22
??
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Flameon
·2021-06-22
Crypto dropping..
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- Kentlieu:
  Drop ccrazyy
  2021-06-22
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SPOT_ON
·2021-06-22
Ok
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1
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soon206
·2021-06-22
GA.gaga[微笑] [開心]
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Marque
·2021-06-22
Nice
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WStreetsBets
·2021-06-22
Russia will take over the mining!
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M_jojo
·2021-06-22
Hmmm
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FFE
·2021-06-22
Sighsss
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RyanTan
·2021-06-22
Hahaha
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1
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Sallythesoap
·2021-06-22
It’s nkt impossible for some kind of equilibrium with regulation, rather than an overhaul. Don’t see crypto’s death any time soon
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- SandDust:
  Cryto currency directly threaten the existance of Central Bank. When US stop FB digital currency is that considered dictatorship, Mr Cramer?
  2021-06-22
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PureRectitud
·2021-06-22
?
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1
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Lpt8189
·2021-06-21
Good
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BpchuA
·2021-06-21
Cool
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1
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Duabuisai
·2021-06-21
Hmmm
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- XYHERE:
  gooood
  2021-06-22
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leyvancs
·2021-06-21
Like and comment and I'll do the same !
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doje
·2021-06-21
woww
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Bodoh
·2021-06-21
Anyone listening to him?
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- Pluto891:
  he just ride the wave and cash out. beware of messages ...
  2021-06-21
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yrpang
·2021-06-21
jjo
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Reel
·2021-06-21
K
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- Reel:
  K
  2021-07-30
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- Joyh:
  OK
  2021-06-21
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Don't need it,\" CNBC's Jim Cramer said Monday.\nThe \"Mad Money\" host expressed concerns about the mining crackdown in China and ransomware attacks in the U.S...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/cramer-sold-almost-all-of-his-bitcoin-fears-china-is-over-crypto.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cramer says he 'sold almost all' of his bitcoin, fearing China has had it with crypto</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCramer says he 'sold almost all' of his bitcoin, fearing China has had it with crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 22:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/cramer-sold-almost-all-of-his-bitcoin-fears-china-is-over-crypto.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\n\"Sold almost all of my bitcoin. Don't need it,\" CNBC's Jim Cramer said Monday.\nThe \"Mad Money\" host expressed concerns about the mining crackdown in China and ransomware attacks in the U.S...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/cramer-sold-almost-all-of-his-bitcoin-fears-china-is-over-crypto.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://www.cnbc.com/2021/06/21/cramer-sold-almost-all-of-his-bitcoin-fears-china-is-over-crypto.html","article_id":"1193353084","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/21/cramer-sold-almost-all-of-his-bitcoin-fears-china-is-over-crypto.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1193353084","pubTimestamp":1624285928,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\n\"Sold almost all of my bitcoin. Don't need it,\" CNBC's Jim Cramer said Monday.\nThe \"Mad ","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"translate_title":"Cramer说，他几乎卖掉了自己所有的比特币，因为他担心中国已经和数字货币有了瓜葛","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9,"GBTC":0.9},"content_text":"KEY POINTS\n\n\"Sold almost all of my bitcoin. Don't need it,\" CNBC's Jim Cramer said Monday.\nThe \"Mad Money\" host expressed concerns about the mining crackdown in China and ransomware attacks in the U.S.\n\"I'm saying that this is not going up because of structural reasons,\" Cramer said.\n\nCNBC'sJim Cramersaid Monday he's offloaded most of his bitcoin holdings, expressing concerns around the recentcrackdown on crypto miningby the Chinese government andbitcoin's role in some ransomware attacks.\n\"Sold almost all of my bitcoin. Don't need it,\" Cramer said on\"Squawk on the Street,\"more than two months after he first indicated hetrimmed his positionand paid off a home mortgage with those profits.\nThe price of bitcoin fell more than 6% on Monday to roughly $33,000 per token, around a two-week low. The move lower follows areportin the Communist Party-backed Global Times newspaper that said more than 90% of the country's mining capacity is shut down after authorities in the provenience of Sichuan closed \"many mines\" located there.\nChina had for years been home tomore than half the world's mining capacity. Miners play a crucial role in the bitcoin ecosystem, using high-powered computers to verify transactions across the decentralized blockchain. In exchange, they are rewarded with bitcoin.\n\"When the PRC goes after something, they tend to have their way. ... It's not a democracy. It's a dictatorship,\" Cramer said, using an acronym for the People's Republic of China. He added, \"I think that they believe it's a direct threat to the regime because what it is is a system that's outside their control.\"\nCramer — who has previously described his bitcoin ownership asan alternative to a cash position— said Tuesday he also harbors concerns about how the U.S. government will approach the world's largest cryptocurrency by market value in light of the Colonial Pipeline attack.\nIn that cyber incident, which in Maydisrupted gas supply on the East Coast, the company paida $5 million ransomin bitcoin to the hackers. U.S. law enforcement wasable to claw back $2.3 millionof that payment.\n\"In our country, I think it's outside of our control when it comes to ransomware, and I doubt that Colonial is the first company to pay ransomware. I think they're the first that almost shutdown the East Coast,\" Cramer said. \"I think the Justice Department and the FBI and the Federal Reserve and Treasury could coalesce and say, 'OK guys, if you pay ransomware, we're going to go after you.\"\nShortly after the Colonial, another ransomware group targeted the world's largest supplier of beef. That company, Brazil's JBS, paid the hackers $11 million.\nLooking at these two headwinds for bitcoin, Cramer said, \"I'm saying that this is not going up because of structural reasons.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":120691280,"gmtCreate":1624320661040,"gmtModify":1703833279895,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3561596430587504","idStr":"3561596430587504"},"htmlText":"Bitcoin sinks to two-week low as China intensifies crypto mining crackdown. The People's Bank of China said it summoned payments firm Alipay and several major lenders to tell them they must not provide crypto-related services.","listText":"Bitcoin sinks to two-week low as China intensifies crypto mining crackdown. The People's Bank of China said it summoned payments firm Alipay and several major lenders to tell them they must not provide crypto-related services.","text":"Bitcoin sinks to two-week low as China intensifies crypto mining crackdown. The People's Bank of China said it summoned payments firm Alipay and several major lenders to tell them they must not provide crypto-related services.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120691280","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120179111,"gmtCreate":1624317302933,"gmtModify":1703833104053,"author":{"id":"3585367091529705","authorId":"3585367091529705","name":"Johnthu09","avatar":"https://static.tigerbbs.com/767b9f8c22d65415a98e86f928591cb3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3585367091529705","idStr":"3585367091529705"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120179111","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120154868,"gmtCreate":1624316776854,"gmtModify":1703833086844,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"htmlText":"Crypto dropping..","listText":"Crypto dropping..","text":"Crypto dropping..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120154868","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4942594,"gmtCreate":1624318229954,"gmtModify":1635253245363,"authorId":3570093481697004,"author":{"id":3570093481697004,"idStr":"3570093481697004","authorId":3570093481697004,"name":"Kentlieu","avatar":"https://static.tigerbbs.com/ae3ee305e39da5ce2f99805f9a422c93","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120154868,"type":1,"supId":0,"prevId":0,"content":"Drop <u>ccrazyy</u>","text":"Drop <u>ccrazyy</u>","html":"Drop <u>ccrazyy</u>"}],"langContent":"EN"},{"id":120156794,"gmtCreate":1624316697918,"gmtModify":1703833082760,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3582922989777578","idStr":"3582922989777578"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120156794","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120191871,"gmtCreate":1624312569893,"gmtModify":1703832994107,"author":{"id":"3587008055754422","authorId":"3587008055754422","name":"soon206","avatar":"https://static.tigerbbs.com/9ea0dffd938d45eb6e4680fee1648d6f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3587008055754422","idStr":"3587008055754422"},"htmlText":"GA.gaga[微笑]&nbsp;[開心]&nbsp;","listText":"GA.gaga[微笑]&nbsp;[開心]&nbsp;","text":"GA.gaga[微笑] [開心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120191871","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":120107540,"gmtCreate":1624312281780,"gmtModify":1703832988529,"author":{"id":"3574901589558734","authorId":"3574901589558734","name":"Marque","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3574901589558734","idStr":"3574901589558734"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120107540","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120371837,"gmtCreate":1624310967829,"gmtModify":1703832965532,"author":{"id":"3581996279693041","authorId":"3581996279693041","name":"WStreetsBets","avatar":"https://static.tigerbbs.com/d060d99b38eb143c7425af787340df19","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3581996279693041","idStr":"3581996279693041"},"htmlText":"Russia will take over the mining!","listText":"Russia will take over the mining!","text":"Russia will take over the mining!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120371837","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120347751,"gmtCreate":1624310486873,"gmtModify":1703832964220,"author":{"id":"3586596509351728","authorId":"3586596509351728","name":"M_jojo","avatar":"https://static.tigerbbs.com/9af793d2c1ebec6accb20790b26abb01","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3586596509351728","idStr":"3586596509351728"},"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120347751","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120329186,"gmtCreate":1624302373645,"gmtModify":1703832924656,"author":{"id":"3576491867633529","authorId":"3576491867633529","name":"FFE","avatar":"https://static.tigerbbs.com/4ffa41dea6894aac6a21859912e31f1a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576491867633529","idStr":"3576491867633529"},"htmlText":"Sighsss","listText":"Sighsss","text":"Sighsss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120329186","repostId":1193353084,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120949774,"gmtCreate":1624293489698,"gmtModify":1703832817045,"author":{"id":"3558359612374961","authorId":"3558359612374961","name":"RyanTan","avatar":"https://static.tigerbbs.com/9c9fd8b805fd00eec9fc8ac89530aa1b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3558359612374961","idStr":"3558359612374961"},"htmlText":"Hahaha","listText":"Hahaha","text":"Hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120949774","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120985126,"gmtCreate":1624292055965,"gmtModify":1703832771041,"author":{"id":"3580302246910139","authorId":"3580302246910139","name":"Sallythesoap","avatar":"https://static.tigerbbs.com/a0cd960bc0f326d279b13485cdc62d94","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3580302246910139","idStr":"3580302246910139"},"htmlText":"It’s nkt impossible for some kind of&nbsp;equilibrium with regulation, rather than an overhaul. Don’t see crypto’s death any time soon","listText":"It’s nkt impossible for some kind of&nbsp;equilibrium with regulation, rather than an overhaul. Don’t see crypto’s death any time soon","text":"It’s nkt impossible for some kind of equilibrium with regulation, rather than an overhaul. Don’t see crypto’s death any time soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120985126","repostId":1193353084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4944152,"gmtCreate":1624320884978,"gmtModify":1663229661854,"authorId":3581331938298103,"author":{"id":3581331938298103,"idStr":"3581331938298103","authorId":3581331938298103,"name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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