Is Bitcoin Overvalued? Jim Cramer Says He Takes Elon Musk at His Word

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Tesla  (TSLA) - Get Report CEO Elon Musk implied that the price of bitcoin, as well as other cryptocurrencies, are extended. 

Bitcoin took a hit over the weekend and into Monday after Musk suggested on Twitter that bitcoin and other cryptocurrency valuations “seem high."

Tesla  (TSLA) - Get Report does own some bitcoin. Calling Musk a genius, Cramer said that if Elon Musk thinks that bitcoin has gotten ahead of itself, "I'm not going against him." 

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