Special Report: The New American Investor

Mad Money w/ Jim Cramer

CNBC

Investing, Business, News

4.3 • 4K Ratings

🗓️ 17 February 2021

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

While Mad Money is away this week, listen to Melissa Lee discuss the recent Reddit fueled frenzy that has resulted in a huge influx of retail traders into the market. The New American Investor shines a light on this new generation of investors and how their actions are transforming Wall Street. Melissa spoke with Brian Kelly, Dan Nathan and Morgan Creek Digital’s Anthony Pompliano. They discussed Bitcoin hitting a fresh high of $50,000 earlier today, electric vehicles and Palantir’s disappointing earnings. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	CNBC's Workforce Executive Council is a premier group of C-suite human resources executives
0:07.0	from leading companies across the country.
0:09.7	It offers a members-only portal and chat, plus exclusive industry content, with access
0:15.3	to breaking news calls and digital networking experiences.
0:19.4	The network and resources HR leaders need now.
0:23.1	Apply to the Workforce Executive Council at cnbcconcils.com slash wc.
0:53.1	For all you traders looking for some hot opportunities, here's what's on tap.
1:23.1	Join me tonight to tackle all that and much more to every finest.
1:45.9	Brian Kellyan, Dan Nathan, also we have Morgan Creek Digital's Anthony Pompleyano back
1:51.0	with us.
1:52.0	Let's get straight to it.
1:54.0	Bitcoin hitting a fresh high of 50,000 earlier today before giving back some of the gain.
1:59.0	Tesla just the most recent large company to open up to the digital currency.
2:02.2	Previously, and perhaps more quietly, MasterCard, being in Y-Mellon also did the same.
2:06.6	It's wider corporate adoption, the key to keeping Bitcoin at these levels.
2:11.8	And Brian Kellyan, I will start with you.
2:14.3	You are a resident Bitcoin baller, and I'll get to Anthony of course after this.
2:17.4	But in your view, why is Bitcoin, why does it keep marching higher?
2:23.1	And at any point in your time, have you ever said to yourself, BK, Bitcoin is overvalued
2:28.7	right here?
2:29.7	Oh, so to answer the second question first, yes.
2:35.0	But every time I thought it's overvalued, it proves to be the wrong move because it
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