CNBC Host Jim Cramer Claims These Altcoins Are “Doomed To Wipe”

Famous financial journalist Jim Cramer, host of CNBC’s “Mad Money” show, is currently speaking to CNBC’s Squawk Box co-host Becky Quick. cryptocurrency and altcoins He said to be negative about it.

Cramer Targets Dogecoin, Ripple (XRP) and Litecoin (LTC) Altcoins

However, Cramer stated that he has negative thoughts about three altcoins in particular. Among them, he counted Dogecoin, XRP, and LTC. He claimed that these were “$80 billion worth of non-Bitcoin assets” and were “doomed to be wiped out.”

Cramer said in a statement on CNBC:

“I think you have to be negative about crypto. I’m negative on $XRP, $LTC and $DOGE because I can’t see anyone to buy them. That means $80 billion worth of non-Bitcoin assets that are doomed to be wiped out.”

“I think you should be negative on #crypto. I’m negative on $XRP, $LTCand $DOGE because I haven’t been able to find anyone that takes them,” says @jimcramer. “It’s like $80 billion worth of non-Bitcoin that’s destined to be wiped out.” pic.twitter.com/lrFbjtT0Wn

— Squawk Box (@SquawkCNBC) December 16, 2022

Cramer has previously described XRP, DOGE, and Solana (SOL) as “huge” scams.

This financial expert, who generally prefers stocks to digital assets, constantly criticizes the largest cryptocurrencies other than Bitcoin and Ethereum.

Cramer announced in 2020 that he invested in BTC and ETH tokens when the Bitcoin price was 12,000. A year later, when it hit an all-time high near $69,000 and the Ethereum price also jumped, he used his profits from BTC and ETH to buy a farm and boat, according to his previous tweet.

As for other cryptocurrencies, the “Mad Money” host continues to consider them suspicious as well and warns everyone not to invest in them so as not to “lose money every year.”

*Not investment advice.