Jim Cramer Analyzes Bullish’s Market Entry and Investor Interest

Bullish (NYSE:BLSH) is one of the stocks Jim Cramer shed light on. During the episode, Cramer discussed the stock after it went public. He commented:

“Today, a company called Bullish came public… The deal was more than 20 times oversubscribed, and the stock opened up for trading 143% from its offering price. Wow. The underwriters actually did their best to tamp enthusiasm. The deal was supposed to be 20.3 million shares, priced between 28 to 31, but it was indeed upsized to 30 million shares, then priced 32, 33. I would’ve taken that a little bit higher, but you know what, I mean, arguably, they could have upsized it much more and made the price much higher.

… Should this stock have been as hot as it was? I mean, honestly, yes. First, younger investors are inheriting huge wealth from the boomers. They’re all over this market, but not in a traditional fashion… They know that the biggest gains have come from crypto… This morning, Tom Farley, old friend of mine, CEO of Bullish and the former president of the New York Stock Exchange, told me that his company’s going to be dealing in Solana…

My takeaway is, you, you may think we’re late in crypto, right? You may think that, but when I’m turned down from buying Solana, after hearing Tom Farley say that it’s going to be their currency of choice, I think the opposite. I think we are still early. Even after all these runs, so few institutions make a market in it. I mean, to me, that means Bullish and the whole crypto complex here, well, let’s just say they got more room to run. The others better get with the program…”

Jim Cramer Analyzes Bullish’s Market Entry and Investor Interest

nicholas-cappello-Wb63zqJ5gnE-unsplash

Bullish (NYSE:BLSH) operates a digital assets exchange and provides market data, indices, and media services for the cryptocurrency and blockchain industry. The company offers the Bullish Exchange, CoinDesk Indices, market analytics, and news coverage.

While we acknowledge the risk and potential of BLSH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLSH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.