Jim Cramer Wants to "Own" Bitcoin and ETH as a US Debt Hedge

Jim Cramer Wants to "Own" Bitcoin and ETH as a US Debt Hedge

CNBC analyst Jim Cramer says he wants to "own" Bitcoin and ETH for his kids because it's a hedge against the US national debt.

Jim Cramer reveals the 2 cryptos he’s buying as U.S. debt hits $37 trillion

Jim Cramer, the outspoken CNBC host and former hedge fund manager, has once again voiced his support for owning Bitcoin (BTC), and this time, he’s tying it to concerns about America’s surging national debt. Speaking during a CNBC segment on Wednesday, Cramer revealed that he has been buying Bitcoin as a hedge against the United States’ ballooning debt, which has now reached $37.8 trillion. When asked whether Bitcoin could hold up during a financ…

Jim Cramer Calls Bitcoin & Ethereum a Hedge Against US Debt

Cramer said people want to hold Bitcoin and Ethereum to guard against rising US debt. He sees crypto as a legacy choice and not just for quick trading or risky gains. Bitcoin dropped this week while Ethereum rose as investors moved based on fresh belief. Jim Cramer, CNBC host and former hedge fund manager, said on CNBC that he is buying Bitcoin due to concerns over U.S. debt. The national debt now stands at $37.8 trillion and continues to rise. …

Jim Cramer Backs Bitcoin as U.S. Debt Crisis Deepens

Once a vocal critic of the cryptocurrency, Cramer now sees BTC as a safeguard against what many are calling a looming fiscal crisis. Cramer’s change of heart comes as economic commentators draw a connection between government overspending and Bitcoin’s recent price surge. The Kobeissi Letter points to a $316 billion deficit in May, one of the highest on record, coinciding with Bitcoin’s continued rally — up over 15% since Trump signed a sweeping…

The U.S. Debt Problem Drives Bitcoin’s Role as a Safeguard

Jim Cramer suggests Bitcoin can hedge against the rising U.S. national debt. Continue Reading:The U.S. Debt Problem Drives Bitcoin’s Role as a Safeguard The post The U.S. Debt Problem Drives Bitcoin’s Role as a Safeguard appeared first on COINTURK NEWS.