CNBC host and Mad Money presenter Jim Cramer is once again in the spotlight. This time, he addressed Americans with a call to ‘buy cryptocurrency’, linking his advice to the growth of the US national debt to a record $37.63 trillion.
Cramer’s Arguments
Against the backdrop of new figures displayed on the legendary national debt clock in New York, Cramer drew attention to alarming statistics: on average, each American family already accounts for almost $1 million in obligations. According to him, in such a situation, bitcoin can serve as protection against systemic risks.
Cramer noted that he himself buys ‘a lot’ of bitcoin and considers it part of a diversified portfolio. He also emphasized that he prefers direct ownership of BTC rather than indirect instruments like MicroStrategy shares.
This position echoes statements from well-known investors. For example, billionaire Tim Draper believes that bitcoin will grow ‘infinitely’ against the dollar, since governments are unable to limit debt growth and spending inefficiency.
Community Skepticism
However, the market reaction was mixed. Part of the crypto community supported Cramer’s words, noting that even figures like him confirm bitcoin’s transition to the category of protective assets.
Others met his words with irony, recalling the reputation of the ‘inverse Cramer’ phenomenon, where his forecasts often turn out to be the opposite of reality. For example, in January 2024, Cramer predicted a bitcoin crash, but the very next month the price rose by 43%.
Michael Saylor, chairman of MicroStrategy and a longtime BTC supporter, responded to Cramer’s words succinctly:
‘Buy bitcoin.’
Thus, he emphasized that the conversation should be about the first cryptocurrency, not digital assets in general.
A Broader Perspective
Despite the controversies around Cramer’s personality, his words reflect a global trend: growing concern about the US debt burden and the search for alternative ways to protect capital.
Today, bitcoin is increasingly seen not only as a speculative asset but also as a hedging tool. Even if some investors treat Cramer’s words with caution, they once again bring cryptocurrencies to the center of discussion—both on Wall Street and among retail players.
For the market, this means the main thing: cryptocurrencies remain in focus as a possible ‘insurance policy’ against systemic risks and dollar instability.
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