Jim Cramer felt that it was a decent level to buy at and that it's not much different from his other investments. Once something goes down, he'll pounce on it and buy bigger and bigger positions. He added that it's essential to diversify your portfolio so it contains all types of assets. Cramer noted that he already has a lot invested in gold and that Bitcoin contributes to the diversification and balance of his assets.
When asked why and how should an investor start to put their resources into Bitcoin, Cramer responded that the history of Bitcoin movements clearly show that it ran up and it ran down, and with all of the money being invested right now, there's no reason not to hold on and wait for it to be on the downside again. On Friday morning, when he made his purchase, the price of Bitcoin was, in his words "off nicely from the top" and that's the exact moment when he likes to buy something.