Charts suggest investors should ignore crypto cheerleaders and stick with gold, Jim Cramer says

Key Points

• CNBCs Jim Cramer on Monday warned investors to stay away from crypto despite bitcoins recent gains and instead look to gold.
• Bitcoin, the worlds top cryptocurrency, continued to gain on Monday as investors continued to bet that the Federal Reserve will ease its pace of interest rate cuts or stop them altogether.

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CNBC's Jim Cramer on Monday warned investors to stay away from crypto despite bitcoin's recent gains and instead look to gold.

"The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin's bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says you should stick with gold. And I agree," he said.