Jim Cramer Says “Buy Crypto” as US National Debt Ticks On

CNBC’s Mad Money host Jim Cramer has advised crypto adoption amid staggering US national debt figures.

Cramer shared this on his X post on Monday, recommending cryptocurrencies as a potential solution to the economic recession that may result from the growing national debt. While he did not categorically state this, his “buy crypto” message, accompanied by a display of the US national debt, tells the whole story.

Growing National Debt and Crypto as the Solution

The accompanying image is the National Debt Clock located on Anita’s Way in New York. The digital display clock shows that the US debt now stands at $37.63 trillion. Of this figure, the current debt share per family stands at a staggering $955,708, slowly approaching the $1 million mark. 

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Remarkably, the recent comment from Cramer marks the latest instance that the notable market commentator is advocating for crypto exposure.

Cramer’s line of thought for these comments hinges on his belief that cryptocurrencies serve as a hedge against economic situations, such as the current one. Specifically, he mentioned Bitcoin, the largest cryptocurrency by market cap, in a similar recommendation in July, calling it a “hedge against $37 trillion debt.”

Cramer Is Bullish on Bitcoin and Crypto

The popular TV host stated at the time that the worsening debt is a concern for every US family, and Bitcoin is the asset they would want to hold. He revealed he is buying a lot of Bitcoin, and others should do the same.

In January, he also called Bitcoin a great investment to hold, advocating that his viewers should include the apex cryptocurrency in a well-diversified portfolio. However, Cramer kicked against buying Bitcoin indirectly through MicroStrategy stock.

Remarkably, several other market analysts share a similar belief with Cramer on Bitcoin’s role as a hedge against inflation. Venture capitalist Tim Draper believes that governmental inefficiencies will ensure that Bitcoin will appreciate infinitely against the dollar.

Saylor Says Buy Bitcoin

Meanwhile, Cramer’s post elicited mixed reactions from the crypto community. It drew comments from even Strategy chairman Michael Saylor, who reviseed his “buy crypto” advocacy to “buy bitcoin.”

Some other reactions expressed skepticism over the presenter’s bullish crypto stance. They suggested the clarion call was in fact, bearish, citing Cramer’s track record of predictions.

For context, the Mad Money host is popular for major prediction fails. Despite his overall bullish stance, Cramer has made several assertions that Bitcoin would correct considerably; however, the reverse occurred. 

One of the most notable instances was when he predicted that Bitcoin would crash in January 2024. However, the asset quickly regained bullish momentum, setting the stage for its 43% surge in February. Notably, these events have earned him the “inverse Cramer” reputation.