Jim Cramer: The 'easy money' has been made in cryptocurrencies

CNBC’s Jim Cramer is eager to begin focusing back on the stock market, but the cryptocurrency craze is still capturing Wall Street’s attention.

He expects that bitcoin and other speculative coins will continue to be top of mind, and the big declines being witnessed in crypto markets will drag on stocks. This could create buying opportunities for investors in stocks as another packed week of earnings rolls through.

“All in all, this is a historically slow week, but there are enough new companies reporting that it’s now jam-packed,” Cramer, discussing his game plan for next week, said on “Mad Money” Friday.

The week ahead will close out trading for the month. With the exception of the Dow Jones Industrial Average, the major U.S. indexes are down month to date. The tech-heavy Nasdaq Composite is down 3.5% in May, while the S&P 500 has lost 0.6% over that time period. The Dow is up about 1% in May.

Cramer gave viewers a preview of the upcoming corporate earnings reports he has circled on his calendar.

“Maybe, just maybe, that can overshadow bitcoin, as long as Elon Musk can keep his mouth shut about crypto,” he said.

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[ericp]

It was never “easy money.” Very few people HODLed for 10 years because of this kind of volatility. It’s an easy meme to say, but not many can practice when the time comes.

[dertythegrower]

Not true at all. More clueless advice Jim, calm down.

[JLDReactions]

Crypto is here to stay. If you understood the utility of the different tokens, you'd know that. This is just the beginning stages. Lots of kinks to be worked out.

[tonypitsacota]

"Easy Money"? Did this guy go to college? I've got to quit wasting my time and go back to WSJ and Bloomberg.

[Bars]

Will you change your tune when it spikes back up though sir??

[RippedMr]

Invest in stocks, keep your day jobs and when your 60 or 70 youll be ok if not dead.

[defikidsmusic]

Gonna be interesting when btc hits $100K how much attitudes are gonna change.

[nikalajohnny]

*RICH PEOPLE PLAYS THE MONEY GAME TO WIN. POOR PEOPLE PLAYS THE MONEY GAME NOT TO LOSE. THE GOAL OF THE TRULY RICH PEOPLE IS TO HAVE MASSIVE WEALTH AND THE POOR SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION INSTEAD OF INVESTING IT. CHANGE YOUR MINDSET AND DO WHAT THE RICH DOES, WHICH IS INVESTING, INVESTING AND INVESTING.*.

[kevting]

Memecoins may die. But Ethereum is eternal.

[mychalharmon]

Lol, easy money for now. This is just half time baby!

[troypaul]

I binge-watched a lot of stock videos yesterday trying to figure out new techniques on how to make as much profit as the investor I came across on an investment article, who made a profit of $650, 000 in 4months, I'm a beginner and any ideas on how i can reach this milestone will be appreciated.

[freedjohn]

People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in cryptocurrency

[zeroism]

Yeah buy the s&p near all time high to make the easy money. Don't buy Bitcoin now near the low. Buy high, sell low, that's how the easy money is made. Right, thabks for the top advice! :)

[cupajoe]

Cramer knows something we don't. He had insider knowledge of the hedgies moves. Sounds like hes also trying to scare people to buy cheaper now. Do the opposite of this clown.

[deepfriedcherrypie]

bruh you sound like a Blockbuster executive. "No one wants to stream movies, they want to HODL their DVD's!"

1:00 nothing is stopping us from making a new cell phone, or a new online retailer, or a new search engine either numbnuts. give it a shot Cramer.

[loosecontroiPL]

NFTs are more like collectibles like art. I dont expect a grayhead to understand it.

[brandonhitchings]

I find it interesting that Cramer sold all his Bitcoin to buy a house and a week later it crashes, how convenient.

[badpuppy]

And how many stocks can be created??? Yet Amazon stock is different than Kmart stock. There’s a new stock IPO everyday. Same thing with crypto. This argument that crypto has to be scarce to be valuable doesn’t hold water. Quality crypto like Ethereum that has a vision and a use case and actual development isn’t the same as doggie coins.

[tracisafer]

I don't think if there is anything profitable as online investment especially bitcoin investment.

[melissafriggoh]

Nice insights, I've set asides $120, 000 to capitalize on the market fall, What are some reliable financial assets for new investors looking for long-term growth? thank you! I just subscribed to channel as well. #peace