In a recent segment, Jim Cramerâan American television personality, author, and former hedge fund manager, known for his energetic hosting of CNBCâs Mad Moneyâspoke about bitcoin as a hedge against the ballooning U.S. debt, with a touch of humor and a dash of sarcasm.
âThey Donât Want the Debt, They Want Bitcoinâ â Cramerâs Dire Outlook on Americaâs Financial Future
Jim Cramer highlighted a shift in institutional attitudes, citing JPMorganâs involvement in lending against crypto assets as evidence of growing mainstream interest. While some financial leaders like Mastercard CEO Michael Miebach remain skeptical of genuine consumer demand, Cramer believes thereâs a clear appetite for owning bitcoin ( BTC), particularly as a safeguard for future generations. đĄď¸
âI mean, people want to trade,â Cramer said, with a wink. âPeople want to own some as a hedge against the $37 to $38 trillion [debt]. They donât want to own the debt. They want to own [bitcoin] for their kids. Or maybe just for themselves, who knows? đ¤ˇââď¸â
Cramer discussed the importance of custody methodsâlike cold storage and air-gapped walletsâto secure bitcoin ownership and avoid potential hacks. When asked if bitcoin would hold up during a financial crisis, he firmly said yes, rejecting the idea that bitcoin is simply a proxy for risk. âItâs not just a toy, folks. Itâs a serious asset. đ¤â
Cramer stated:
âI think itâs just a nice hedgeâIâm afraid. I mean, I just donât know. Look, I know we canât grow our way out of this [debt]. My hope is that we do. But Iâm just very worried about my kids. And maybe yours too, if youâre feeling generous. đ â
The CNBC financial analyst sees it as a prudent hedge, especially in light of rising deficits and the uncertain economic outlook facing younger generations. Cramerâs careful nod to bitcoin taps into deeper worries about runaway debt and shaky economic footing. âWeâre all in this together, folks. Or at least, those of us who have a few bitcoins stashed away. đâ
By highlighting storage options and growing interest from big financial players, he paints a picture of an asset growing upâthough doubts still swirl among the TradFi cemented CNBC hosts, keeping opinions split. In the end, many believe bitcoin stands as a bold, if unpredictable, play to shield future generations from the mess of fiscal chaos. âWho knew saving the world could be so profitable? đđ°â
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2025-07-23 21:57