Jim Cramer Of CNBC Issues Warning To All DOGE Investors: Report

Jim Cramer of CNBC issued a warning to all Dogecoin investors because according to him, DOGE is security and watchdogs should supervise it in the future so let’s read more in today’s Dogecoin news.

Jim Cramer of CNBC and host of “Mad Money” warned all dogecoin investors because he thinks it is a security that will soon get regulated. The TV host often changes his stance on the crypto industry and he allocated some of his wealth into BTC and Ether and even insisted on getting his salary in Bitcoin. A few months later, the Chinese crackdown caused a huge price correction in the digital asset market and Cramer sold his BTC stash which left him to being exposed only to ETH but he admitted that he is not a keen proponent of Ethereum and vowed to sell his positions when the price of the asset increases.

please be careful with Dogecoin…It is a security. It will be regulated. We will find out how many there are and how many are being created each day to make money for the exchanges.

— Jim Cramer (@jimcramer) January 20, 2022

The American revealed that he doesn’t have a good opinion about Dogecoin though. He warned investors to beware when dealing with it as it is not a currency but security so he also predicted that the US financial regulator should have to put DOGE under its scope. This is not the first time that Cramer touched on regulations in the industry and last summer he even said he is a huge proponent of such a step as otherwise, crypto will collapse.

Even though Cramer and many others opined against the meme coin, it evolved as one of the most popular assets in the crypto space. Its biggest supporters include Tesla’s CEO and the owner of the Dallas Mavericks Mark Cuban. Elon Musk praised DOGE’s merits on his Twitter account which led to a price boost for DOGE. A few days ago he even supported DOGE payments for merchandise of products of his company.

Cuban also allowed NBA fans to buy game tickets and merch in DOGE and argued that it is better suited as a payment method than BTC. The latter is an appreciable asset with people hoping to hold it for the future while DOGE gets easy to spend. It is worth noting that last year, the SHIB meme coin entered the movie industry too and the American theatre chain AMC Entertainment Holdings allowed the customers to buy digital gift cards with DOGE.