CNBC analyst Jim Kramer says he wants to “own” Bitcoin and ETH for his children as it is a hedge against US government bonds. Analysts see Bitcoin as a potential hedge against the growing devaluation of the US dollar, just like gold. Concerns about fixed supply of Bitcoin and increased government spending and national debt make assets more valuable to traditional financial professionals like Cramer. Therefore, Cramer praises BTC and Ethereum as essential investments.
“I want to own some to hedge against my $38 trillion debt,” Cramer said Wednesday. “I don’t want that debt… I’m worried about my child… $38 trillion in debt. So why not buy some Bitcoin?” Cramer’s view on Bitcoin has changed over time. He was initially skeptical, but by January 2024 he admitted that “an astonishing comeback” and said he “can’t kill it.”
Cramer continues to support Bitcoin and Ethereum Investing
Cramer previously revealed that he invested in Bitcoin on the show “Mad Money” earlier this year. “If you want to own Bitcoin, then you own Bitcoin,” Cramer said in a January episode. “I own Bitcoin. I need to own Bitcoin. Bitcoin is great to have in your portfolio.” The market is mixed with Cramer’s Bitcoin support, and many acknowledge the history of being a signal of Cramer’s reverse sentiment. Cramer became a kind of meme when it comes to predicting the opposite outcome of what actually happens around assets. In the case of BTC, the coins have already fallen by 1% after collecting 15% last month.
Bitcoin and Ethereum are now major assets of the world. Thanks to the passing of several pro-crypto regulations in 2025, institutional interest in the crypto industry is at an all-time high, with prices rising to near record levels. BTC went above $120,000 for the first time this summer, while Ethereum is approaching $4,000 for the first time since 2021.
