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CNBC Television Jim Cramer urges investors to take some crypto profits, citing Evergrande-related risks

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🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: “Mad Money“ host Jim Cramer on Monday urged crypto investors to take some profits, pointing to risks associated with the struggling Chinese property developer Evergrande. Subscribe to CNBC PRO for access to investor and analyst insights: CNBC’s Jim Cramer urged investors who have gains in their cryptocurrency portfolios to take some profits, saying Monday he believes digital currencies are likely to face more weakness related to struggling Chinese property developer Evergrande. “I know the crypto-lovers never want to hear me say sell, but if you’ve got a big gain as I did, well, I’m begging you to,” the “Mad Money” host said. “Don’t let it become a loss. Sell some, stay long the rest, then let’s wait and see if China changes its attitude toward an Evergrande bailout.” Cramer said his crypto concerns right now begin with tether, a stablecoin that’s pegged to the U.S. dollar. Tether is the third-largest cryptocurrency by market value, trailing only ether and bitcoin, which are second and first, respectively. Cramer has a position in ether, which runs on the Ethereum blockchain. “The problem with tether is that it’s backed by various holdings and roughly half of those are commercial paper — short-term loans — and much of that is believed to be, but we don’t know, Chinese commercial paper,” Cramer said. “Tether said they have no Evergrande exposure,” Cramer acknowledged. “But tons of Chinese businesses stand to get crushed by this fiasco, and they have Evergrande exposure, and that could spell real trouble if the dominoes fall here.” Evergrande is a major property developer in China, and beyond real estate, it has multiple other business units operating in industries such as health-care services and electric vehicles. The company has more than $300 billion in total liabilities and recently warned investors it may default on its debts. Crypto investors need to be alert while the Evergrande situation unfolds even if they don’t personally own tether because the stablecoin is used to purchase bitcoin and ether, Cramer said. “If tether collapsed, well, then it’s going to gut the whole crypto ecosystem,” he said. “So if you own crypto in any form and you’ve got big gains, I recommend taking something off the table.” Cramer stressed he still sees potential for cryptocurrencies to go “mainstream,” but believes it’s important to lock in at least some gains while they’re still there. “Right now, owning crypto is what’s known as a ‘crowded’ trade and I don’t want you to lose money if this space keeps getting hit by Evergrande’s contagion worries,” he said. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV

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