Jim Cramer Says Treat Bitcoin Like a Stock
Bitcoin at $146,000? JPMorgan says that it's a possibility.
Analysts penned a note saying that long-term, they are putting a price target of $146,000 on bitcoin.
The note says that the price target is based on the assumption that the cryptocurrency will grow in popularity as an alternative to gold, which has traditionally been used as an inflation and volatility hedge, as well as protection against a falling U.S. dollar.
In the video above, Jim Cramer breaks down how he's approaching Bitcoin going forward.
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