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Cramer sells some ether after record highs to put toward new Hummer EV

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CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs.

“I sold half my Ethereum yesterday … and I put some money down to own a Hummer,” Cramer said on “Squawk on the Street,” referring to the upcoming all-electric vehicle from General Motors, which comes as a pick-up available in the fall and a SUV in early 2023. Both start at more than $100,000.

“Why not buy a car” with my ether, the “Mad Money” host quipped. Asked about the magnitude of his crypto exposure CNBC’s David Faber, Cramer said he owned “enough to do the job.”

Cramer said Tuesday on CNBC that he owned “a lot” of…



Source cnbc.com

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