CNBC’s Jim Kramer said on Tuesday that he owns ether, the world’s second-largest cryptocurrency by market value.
“I have a lot of ether,” Cramer told Squawk Box, explaining that he originally acquired it to bid for non-combustible tokens or NFT that were auctioned in March by Time magazine. “I didn’t get it, so I just kept the ether,” he said.
Kramer said he might eventually “buy a house” with his ether, a reference to his recent revelation that he had sold some of his bitcoin holdings to pay off a mortgage. “I now own a house ̵
Kramer’s comments on Tuesday came as the ether expanded its mass rally so far in 2021, setting a record high of just over $ 3,500. Ether, which runs on the Ethereum blockchain, has risen more than 370 percent so far, with a total market value now of more than $ 400 billion, according to CoinMarketCap.
Bitcoin, which has the largest market capitalization of all digital coins, traded more than $ 55,000 per token on Tuesday, about 15% lower than last month’s record, but still almost double in 2021. Current level The prices put the total market value of bitcoin just over $ 1 trillion, almost half of the entire crypto market.
Cryptocurrencies generally moved further in 2021. The cryptocurrency The direct inclusion of Coinbase in the Nasdaq last month was announced as a major cornerstone for the thriving digital asset industry.