Jim Cramer Says Just Go Buy Ethereum Or Bitcoin Instead Of Marathon Digital: 'Let's Not Fool Around'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, on 'Mad Money,' recommended against investing in Marathon Digital Holdings Inc. (MARA) due to its recent 20% decline and overall market volatility, suggesting Bitcoin (BTC) or Ethereum (ETH) as better alternatives. Despite the crypto market's uncertainties, experts remain bullish, citing a strong U.S. economy and AI potential. Marathon Digital's stock has fallen 36.20% YTD, while Bitcoin and Ethereum have seen significant gains.
April 18, 2024 | 2:56 am
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Jim Cramer's negative stance on Marathon Digital Holdings Inc. (MARA) due to its recent performance and market volatility could lead to short-term bearish sentiment among investors.
Cramer's advice, given his influence, could deter investors from MARA, exacerbating its recent 20% decline and contributing to a bearish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100