- Jim Cramer advocates adding cryptocurrencies to everyone’s investment portfolios because national debt worries may not go away.
- Cramer opines Bitcoin, Ethereum, and other cryptocurrencies deserve a place in everyone’s portfolio.
American television personality Jim Cramer clarified his stance on cryptocurrency on his latest show. Cramer endorsed owning crypto as a hedge against inflation and mentioned it could save investors from the “government’s busted budget”.
Being known for his outspoken and unapologetically opinionated nature on financial topics, his crypto views are making headlines in the industry. Cramer even emphasized the government’s budget deficit and said national debt worries are never going to go away.
Crypto Protects Investors From Government’s Deficit Budget
Jim Cramer, on his latest “Mad Money” episode, supported cryptocurrency and expressed that he has liked crypto for a long time. The major reason for this is that crypto consists of a large number of investors who believe crypto would protect them from the government’s failed budget.
Cramer also highlighted that there’s not enough proof crypto can protect investors from anything. However, there is a possibility that crypto could save investors and Cramer knows that sometimes all people need is that “possibility.”
Bitcoin and Ethereum Deserve a Spot in Everyone’s Portfolio
Jim Cramer expressed his concerns on the national debt issue. Based on his views, legislators can balance the budget but none of them have the political will to make difficult decisions to actually solve the problem.
Thus, Cramer said the hedging argument of cryptocurrency makes sense considering the debt issue. However, he also mentioned cryptocurrency is also new and while the argument is a possible theory, it doesn’t yet have a proven track record.
Nonetheless, Cramer thinks “Bitcoin, Ethereum, and other cryptocurrencies deserve a place in everyone’s portfolio.” But in case the budget deficit gets under control, Cramer might change these views on crypto!
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