For months now, the news of cryptocurrency adoption by legacy institutions keeps hitting the headlines. Speaking about MicroStrategy paying its board members in cryptocurrency, stock market expert Jim Cramer revealed he would also love to be paid in the leading digital asset.
CNBC’s host Jim Cramer was asked on his Mad Money show if he would be willing to receive his salary in cryptocurrency, and he gave a positive response, noting that Bitcoin is a store of value and its market cap has the potential to hit $3 trillion soon. He continued that he may demand to be paid in Bitcoin while also hinting that he could hodl the coin.
The question was asked while discussing MicroStrategy’s move to pay its board of directors in Bitcoin. The company is one of the largest holders of the crypto king after it embarked on a buying spree around August last year.
MicroStrategy now holds approximately 91,579 BTC in its custody and it is worth an aggregate price of $2.226 billion. Following the announcement, non-employee directors will start receiving their payments in the leading crypto asset.
Jim Cramer Comments On Coinbase Listing as Bitcoin Price Rallies
CNBC’s Jim Cramer also weighed in on Coinbase’s direct listing on NASDAQ, which is scheduled for Wednesday (April 14). He revealed that he’s delighted about Coinbase’s listing and predicted a more bullish move for the industry.
However, Cramer has cautioned investors that “there is a price not worth paying” and not to “disregard the fact that there are limits” before adding that he’s currently planning a Coinbase piece.
Bitcoin and other cryptocurrencies have made immense gains today. Bitcoin has reached a new ATH of $63,253 but it is currently trading around $62,885.
Also, Ethereum hit an all-time high of $2,240 and is currently on the verge of setting a new record high. XRP is one of the top gainers today following the announcement by Wanchain that it can now be used in DeFi apps. The Ripple’s token has rallied by 22.60% in the last 24 hours and is currently trading at $1.71.