CNBC host Jim Cramer says the three digital assets are one of many altcoins about to be “wiped out.”
In a new interview on CNBC’s Squawk Box, Cramer To tell While the crypto market is bearish overall, he has identified three assets in particular that he says have no future.
“I think we should be negative about cryptocurrencies….
My negatives are XRP and Litecoin and Dogecoin. Because I haven’t yet found someone who really accepts them. ”
At the time of writing, XRP (XRP) is trading at $0.360, Litecoin (LTC) at $67.35 and Dogecoin (DOGE) at $0.080.
DOGE supporters recently rallied behind meme tokens over speculation that Twitter owner Elon Musk would incorporate them into future payment services via his microblogging network.
Cramer said that in general, altcoins and cryptocurrencies other than Bitcoin (BTC) are unlikely to survive very long.
“It’s like $80 billion worth of non-bitcoin assets are destined to be wiped out. There are still people who confuse blockchain with them.”
Cramer also said that if blockchain technology has great potential, Amazon and Google would have integrated it into their business models by now.
However, Google has taken a step into crypto by partnering with digital asset exchange Coinbase to allow users to pay for cloud services with crypto assets.
Kramer too weight As for other cryptocurrency issues, his 1.9 million Twitter followers asked Binance, the world’s largest cryptocurrency exchange, to resemble to FTX.
“Why are there no strategists selling most cryptocurrencies worthless? is it?
I trust my money more on Draftkings than on Binance. ”
Binance CEO Changpeng Zhao is battling fear, uncertainty and doubt following the collapse of FTX. He recently said that assets held by Binance are backed 1:1 by him.
Kramer too takes Shameful attack on former FTX CEO Sam Bankman-Fried (SBF). series of media interviews and elsewhere leading up to his arrest.
“SBF, unless you confess, you are innocent until proven guilty. You have waived your rights. It failed.”
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