In the most Jim Cramer move to date, the mad money mogul has reportedly paid off the remainder of his mortgage with the money he made from the bitcoin he has been holding. Cramer said “From the chart, I may be the only natural seller, but it was so great to pay off a mortgage”
The mad man reportedly purchased a significant amount of bitcoin while it was priced at approximately $12,000 a coin which means he must have made an absolute fortune considering the price of bitcoin has risen 500% since. Cramer goes on to say “It was like, kind of, phony money paying for real money,” Cramer continued. “I now own a house—lock, stock, and barrel—because I bought this currency. I think I won!”
Knowing the type of person Jim Cramer is this isn’t his main house he has paid off, it’s probably just his third house out in the Bahamas with a beach view, personal bar and a whole Bloomberg terminal set up ready for his antics. What a legend!