Jim Cramer is back in crypto after buying Ethereum

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With Bitcoin (CRYPTO: BTC) catching a bid, Ethereum (CRYPTO: ETH) is worth buying, Jim Cramer said on CNBC’s “Squawk Box” Monday.

Cramer told CNBC he bought Ethereum after Bitcoin recently showed support and held the $ 30,000 level. “I will continue to buy Ethereum,” Cramer added.

He prefers Ethereum over Bitcoin because people use it more often to buy things, Cramer said, adding that he has more of a use case as a currency than Bitcoin.

Everyone wants to make NFT transactions using Ethereum, he noted. “It’s just an exciting time.” Ethereum has outperformed Bitcoin since the start of the year following the rise in popularity of NFTs.

Related Link: Ethereum Bitcoin Co-Founder Says, “You Need To Upgrade The Damn Thing”

Price Action: Ethereum is up 171.66% year-to-date, while Bitcoin is up 18.11% year-to-date.

As of the last check on Monday, Ethereum was up 13.87% to $ 2,085.89.

Image by Miloslav Hamík from Pixabay.

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