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‘Phony money paying for real money’ — Cramer sells some bitcoin and pays off a home mortgage – CNBC

“It was so great to pay off a mortgage. It was like, kind of, phony money paying for real money,” CNBC’s Jim Cramer said.



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CNBC’s Jim Cramer said Thursday he recently paid off a mortgage using profits from his investment in bitcoin.
Cramer said he bought “a lot of bitcoin” when the world’s biggest cryptocurrency was priced at around $12,000. He said he has now sold about half of his position.
“I paid off a mortgage yesterday with it,” Cramer told “Squawk on the Street.”
The price of bitcoin hit a record high above $64,000 per coin Wednesday. On Thursday, bitcoin traded around $63,000. Its price has risen over 115% year…

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