Why Jim Cramer Bought Some Bitcoin

Looking to buy bitcoin?

Well, Jim Cramer told TheStreet that this morning he had bought some bitcoin and said that it has to do with him thinking about it as an asset, and with assets--think gold--it's good to have a variety.

Watch the video above for Cramer's explanation on why now was the right time to buy.

WATCH: Everything Jim Cramer Is Watching in the Markets Friday

Latest Videos From TheStreet and Jim Cramer:

• Coronavirus: The Latest Numbers on the COVID-19 Pandemic
• Streaming Isn't Enough to Make Jim Cramer Buy AT&T Stock
• What Stimulus Checks Do and Don’t Mean For Your Taxes
• Time Is Right for Airbnb, DoorDash IPOs, Asset Manager Says
• Drivers of Disruption and Innovation in the PPE Space
• Why Jim Cramer Is Confident on a Vaccine Rollout
• Jim Cramer: How to Balance Stay-At-Home and Return to Normal Plays