Jim Cramer sako the level of arrogance seen from crypto proponents is just shocking.
The ‘Mad Money’ host’s remarks come at a time the crypto industry is looking to navigate the turbulence that followed the stunning revelations of fraud at the crypto exchange FTX.
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Cramer on level of arrogance in crypto
Cramer’s comments followed earlier remarks by Binance CEO Changpeng Zhao. In an interview also with CNBC, Zhao painted an optimistic outlook for crypto, saying that despite FTX’s implosion being a setback, the industry will grow to a much bigger and healthier space in the next 5-10 years.
According to the Binance chief, who backed away from a potential acquisition of FTX as it became clear there was fraud, crypto’s growth will not just benefit Bitcoin ir Ethereum.