Bitcoin Would Hold Up During Financial Crisis, Cramer Says

robot
Abstract generation in progress

During a Wednesday episode of CNBC's "Squawk on the Street," superstar Wall Street commentator Jim Cramer stated that Bitcoin would be able to hold up during a financial crisis

Cramer has revealed that he is buying "a lot of" Bitcoin due to his concerns about the ballooning US deficit

"I buy it a lot because I am very worried about the deficit," Cramer told co-host David Faber

The U.S. now has a whopping $37 trillion in debt, and some Bitcoin proponents are certain that the passage of the new tax and spending bill will exacerbate the problem

The former hedge fund manager says that he wants to own Bitcoin for his kids

As reported by U.Today, Cramer, who used to be a crypto skeptic, was convinced to finally purchase the leading cryptocurrency by prominent influencer Anthony Pompliano

BTC-2.36%
HOLD-11.85%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)