CNBC’s Jim Cramer and the ‘Squawk on the Street’ team discuss bitcoin as investors ditch risk assets amid expectations of higher interest rates from the Federal Reserve.

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    2. Big congrats to everyone who bought the bitcoin bottom back in June when oil peaked. If you missed the bottom due to greed of wanting lower prices, ignorance on markets, analysis paralysis etc. Don't worry you'll have second best chance and 2nd best price this week. Don't get left behind in the incoming US midterms market rally.

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    4. Cash is better for criminals, for example All drug lords horde cash. Crypto is for transparency. Its called a digital finger print.

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    6. Bitcoin and most crypto currencies will continue to be high risk assets for the foreseeable future for several reasons. If you believe you can utilize it for a purpose then do so, but the transaction process remains too expensive which means it's not accessible to the average potential user. The difficulties of Bitcoin's use scenarios have always been hindered by the people that hold the majority of power using the coin. They are unwilling to alter most aspects of the characteristics of Bitcoin which means at the current condition of the block chain network, it's extremely difficult for the price to approach a million dollars per coin. The internal infrastructure of the block chain is still inefficient for mass public use.

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