Iii months later seemingly changing grade on crypto, the outspoken host of CNBC'south Mad Money is challenge he made a well-timed Bitcoin investment on Friday.

In an interview with TheStreet, Jim Cramer says he purchased Bitcoin (BTC) Friday morn when the price dipped under $xviii,000. The Mad Money host added he was treating the crypto asset as whatever other investment in a various portfolio.

"I volition buy — similar I usually practice — as something comes down," said Cramer. "I'll get bigger and bigger and bigger. I only think that you lot desire to diversify into all sorts of nugget classes. I take gold. I'm going to diversify into some Bitcoin — not a big position for me — but it's certainly important to be diversified, and Bitcoin is an nugget and I want to have a rest of assets."

Cramer said he believed the price of Bitcoin might "come down over again" given its volatile history. However, he personally saw the $17,000s — the price when he claimed to purchase more BTC — as a "decent level":

"[Bitcoin] is off nicely from the peak. I like to purchase something that'due south off nicely from the elevation."

The CNBC host was once an outspoken Bitcoin critic prior to the 2017 boom, saying that the crypto asset was going to "run out of steam. However, since being a guest on Bitcoin bull Anthony "Pomp" Pompliano'south podcast in September, Cramer has said he might invest 1% of his portfolio in Bitcoin.

The price of Bitcoin is $19,192 at the time of publication, having risen 2.half-dozen% in the last 24 hours.