Former hedge fund manager and CNBC host Jim Kramer announced his return to the cryptocurrency market, but this time he preferred the second largest cryptocurrency to the first.
Answering the question of the interlocutor about whether he is buying bitcoin against the background of maintaining support around $30,000, Kramer said that the current dynamics pushed him to buy ether.
"I returned to Ethereum because Bitcoin held above $30,000," he said.
Kramer did not explain why he refrained from buying bitcoin, but gave an argument in support of ether:
"I like Ethereum, because people really use it much more to be able to buy something. I will continue to buy Ethereum. When you go to buy [non-exchangeable tokens] (NFT) or something like that, everyone wants Ethereum."
Speaking about the prospects of financial markets for this week as a whole, Kramer said that he shares the bullish sentiment. He expects the positive dynamics to continue in the markets of companies that are popular with retail investors, such as Target, Best Buy and Bed Bath and Beyond.
"There is too much money coming in," the TV presenter explained.
Last week, Kramer announced that he had sold bitcoins, as he did not expect anything good from the market after the new bans in China.
"$30,000 during the day. Watch out, we must keep it. It can be an entry point. I won't go in. I sold almost all bitcoins. I don't need them," he said.
Bitcoin has risen by almost 4% this Monday and is trading around $34,500. At the same time, the ether gained more than 10% and again took a psychologically significant level of $2,000.