Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Jim Cramer touched on a heavy topic Thursday: the increasing number of fatalities caused by distracted drivers who were texting on their phones.
Cramer recalled a conversation he had with Sprint Corp (NYSE: S)'s former CEO Dan Hasse five years ago. Hasse said the biggest issue and danger to the industry he's seeing happens to be the growing number of fatalities caused by texting.
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Cramer added that the same viewpoint was also expressed to him by Jay Fishman, the late CEO of the casualty insurance giant Travelers Companies Inc (NYSE: TRV).
Cramer wants to buy one of Tesla Motor Inc's (NASDAQ: TSLA) self-driving vehicles for his children because he believes it's simply safer for drivers.
"I want one of those cars," he said. "I want one for my kids - not that I expect that they will be doing anything like texting [while driving] but there are too many kids who are texting. There are too many kids doing the wrong thing and [Tesla's self-driving cars] would be a lifesaver."
Cramer did argue that Tesla's potential life-saving technology doesn't necessarily translate to a smart investment. For instance, he spent some time with Ford Motor Company (NYSE: F) CEO Mark Fields and observed first hand the company's ambitions in autonomous driving.
Cramer pointed out that an autonomous car would be equipped with millions of different sensors and a huge number of semiconductor pieces. This translates to a major expense for automakers, which calls into question how affordable a self-driving car will actually be in the future.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.