Cramer’s reasoning is that soon to be further-rising interest rates are expected to hit speculative assets the hardest. The financial guru has identified real estate as a strong investment for the near term.
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CNBC talk show host and investor Jim Cramer said he is steering clear of speculative assets and no longer believes Bitcoin is a useful store of value. So reports Yahoo! News.
Cramer’s reasoning is that soon to be further-rising interest rates are expected to hit speculative assets the hardest. The financial guru has identified real estate as a strong investment for the near term.