- Jim Cramer urged Americans to “buy crypto” as the US national debt hit $37.63 trillion, with each family’s share nearing $1 million.
- He emphasized Bitcoin as a hedge against systemic risks, echoing past bullish calls and similar views from figures like Tim Draper.
- The crypto community responded with both support and skepticism, citing Cramer’s “inverse Cramer” reputation for failed predictions.
CNBC’s Mad Money host Jim Cramer has once again stirred the pot with his latest call: “buy crypto.” The statement came as the US national debt hit a staggering $37.63 trillion, displayed on the iconic National Debt Clock in New York. According to the figures, each American family now holds an average debt share of $955,708—just shy of the $1 million mark. Cramer’s message, posted on X, hinted that cryptocurrencies may be the solution to the looming economic challenges tied to this ballooning debt.
Cramer’s Bullish Case for Bitcoin
This isn’t the first time Cramer has tied crypto to America’s debt problem. Back in July, he described Bitcoin as a hedge against the $37 trillion crisis. He even revealed that he personally buys “a lot” of Bitcoin, urging others to follow suit. Earlier this year, he recommended investors hold BTC in a diversified portfolio, though he pushed back against indirect exposure through MicroStrategy stock. Cramer’s argument echoes the views of other market voices like Tim Draper, who predicts Bitcoin’s value will rise infinitely against the dollar as governments fail to rein in inefficiencies.
Crypto Community Reacts to Cramer’s Call
As always, Cramer’s remarks sparked a mix of reactions online. Bitcoin advocate and Strategy chairman Michael Saylor chimed in, adjusting the message to “buy bitcoin.” Others, however, questioned Cramer’s conviction, pointing to his reputation for high-profile prediction misfires—the so-called “inverse Cramer” effect. One memorable case came in January 2024 when he predicted a Bitcoin crash, only for the asset to rally 43% the next month. That legacy continues to fuel skepticism every time he makes a bullish call.
The Bigger Picture
While critics remain cautious, Cramer’s comments reflect a broader trend: growing concern over America’s debt and the role of crypto as a potential safe haven. Whether investors see his advice as insightful or ironic, the message keeps crypto in the mainstream spotlight. For many, the real question isn’t about Jim Cramer’s accuracy but whether Bitcoin can live up to its reputation as a hedge against systemic risks.
