Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Sunday, October 15th, and that means it's time for Long

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Hello friends, welcome back to The Breakdown Happy Sunday.

Today we are taking a look at two very different takes on Bitcoin from two traditional financial actors.

The first comes from Mr. Mad Money himself, Jim Kramer, and to get his take, we're going

to go to an essay by Ben Schiller called

Jim Kramer doesn't know Bitcoin. Ben begins, quote, I can't go out with Bitcoin because I can't be

in something where Mr. Bitcoin is about to go down big. So said Jim Kramer today live on national

TV. The veteran Blowhard, former trader and CNBC host, was talking about hedge

investments at a time of inflation and economic turmoil. Now, quick NLW editor's note here,

I believe that in this segment, the Mr. Bitcoin that Kramer was referring to was SPF. There's a little

bit of confusion around it because of that nickname that he gave, but I do think

that it's an important piece of information. Doesn't change the thrust of the piece, as you'll see,

but I wanted to let you guys know that. So, back to Ben's piece. Kramer told his audience that they

would be better putting money into gold, the traditional safe haven, rather than crypto. He said,

the charts suggest you need to ignore the crypto cheerleaders now that Bitcoin's bouncing.

And if you seriously want a real hedge against inflation or economic chaos, stick with gold.

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