Squawk on the Street Record Highs for Stocks, Bitcoin Tops $100,000, Trump Transition: New Picks 12/5/24
Dec 5, 2024
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Bitcoin Profits
- Jim Cramer made a substantial profit from Bitcoin investments after initially being skeptical.
- He follows the principle of not questioning those who have made significant financial gains.
Smart Investing
- A younger generation invests smartly by buying Bitcoin.
- This contrasts with traditional stock market investing.
Bitcoin Perspectives
- Bitcoin buyers view it differently than Jerome Powell, who sees it as a speculative asset like gold.
- For some, it's a hedge against unsustainable budget deficits or simply following President-elect Trump's lead.