Despite Bitcoin’s recent price rally, CNBC’s Jim Cramer advised against investing in cryptocurrencies on Monday. Cramer advised investors to avoid cryptocurrencies and instead invest in gold as a hedge against inflation or economic upheaval. Carley Garner, senior commodities market strategist and broker at DeCarley Trading, was cited in his analysis. According to Garner, who examined the daily chart of Bitcoin futures and the tech-heavy Nasdaq-100 since March 2021, the two markets move almost in lockstep. This means that Bitcoin is a risky asset rather than a safe investment.
