Jim Cramer Has Turned On Cryptocurrency But Is Bullish On Multifamily Real Estate.

$Coinbase (COIN.US)$ $ALPS ACTIVE REIT ETF (REIT.US)$
Millionaire investor and CNBC “Mad Money” talk show host Jim Cramer is veering away from speculative assets. This is not surprising, as the Federal Reserve’s hawkish stance has sent shockwaves across markets, with equities retreating from their July highs last month.

During his speech at the Jackson Hole economic summit, Federal Reserve Chairman Jerome Powell stated that the Fed is committed to raising interest rates to quash inflation woes even though they will cause “some pain” to American businesses and households. Following this, Cramer said on his show that it is high time investors “stop doing stupid things with [their] money.”