Former hedge fund manager and TV presenter Jim Cramer believes that cryptocurrencies need more regulation, otherwise the entire market could collapse. According to him, proper regulation would preserve the market and ensure its stability.
Regulation: The right step for cryptocurrencies
In a recent interview with TheStreet, US presenter Jim Cramer revealed that he is one of the big supporters of cryptocurrency regulation. According to him, the right cryptocurrency rules would be very beneficial for the whole market, because it would preserve its stability. He stated:
“If you have more regulation, all exchanges would be like banks. Of course, no one wants to be like a bank, but we need some kind of regulation, because I feel that the crypto will collapse if we are not careful. “
Cramer pointed out that proper legislation is also necessary for stablecoins. As for the main cryptocurrencies, he addressed both BTC and Ethereum in the interview. He believes that the cryptocurrencies have overcome their previous difficult months and are now set for a bullish future.
Jim Cramer said ETH is a better than BTC and even admitted that it will be a big winner. He said in an interview:
“I have a very large position in Ethereum. I’m very excited about it. I switched from BTC to ETH and I’ll leave it at that. “
Conclusion
Jim Cramer quite often addresses cryptocurrencies. In April of this year, he even stated that he had sold his BTC to pay his mortgage. You can see the whole interview under the attached link HERE.
