Bitcoin crossed $1,800 Thursday for the first time ever, although it pulled back to around $1,780.35 as of Friday morning. Jim Cramer talked Bitcoin this week in his monthly Trading Strategies roundtable with four of TheStreet's top columnists.

Panelists noted that people are using the so-called "cryptocurrency" to store value. For instance, the panel speculated that people in Venezuela -- where the economy seems on the brink of collapse -- might turn to Bitcoin rather than gold because governments can seize precious metals but not Bitcoin.

The panel also discussed Bitcoin ETFs, which are one of the only ways to short the currency.

Click here to watch the entire Trading Strategies roundtable, or here to see detailed advice on how to play markets this month. You can also get Jim Cramer's latest insights on markets every trading day at Real Money, our premium site for active traders.

(This item has been updated with the latest Bitcoin prices.)

 

If you liked this article you might like

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Cramer: Food Stocks Are Going Hungry

Cramer: European Pressure on China Could Change the North Korea Story

Jim Cramer Reveals Why He Sold Western Digital for His Charitable Trust

This Is How to Avoid Becoming Amazon Roadkill