CNBC’s Jim Cramer has endorsed Bitcoin as a hedge against rising U.S. debt. Prediction markets see national debt surging past $38 trillion. Charts show Bitcoin responding to deficit headlines, legislation like Trump’s “Big Beautiful Bill,” and a weakening dollar. Elon Musk has echoed the sentiment, calling the U.S. dollar “hopeless.” Deaton criticizes Cramer’s reversal from once calling Bitcoin a Ponzi scheme
Jim Cramer Suggests Bitcoin Hedging Against $37 Trillion U.S. Debt
Jim Cramer said live on CNBC that he is buying Bitcoin. He made the statement during a segment of Squawk on the Street. His reason was based on how the United States now has a $37 trillion national debt.
Jim Cramer said Bitcoin offers a hedge. He added that he wants to own Bitcoin for his kids. This marks a major shift from Cramer, who previously criticized Bitcoin’s volatility.
As the U.S. debt continues to accelerate, traditional assets are seen as vulnerable to long-term dollar weakness. Kalshi prediction markets now show an 82% chance that U.S. national debt will exceed $38 trillion by the end of 2025. That reflects rising investor confidence that Washington will continue high levels of borrowing.
Bitcoin continues to react to these developments. When President Trump’s “One Big Beautiful Bill” passed the House in early July, Bitcoin surged by over $15,000 in less than two weeks.
Cramer’s Bitcoin Flip Sparks Debate as Fiscal Crisis Fuels 640% Rally
Amid Jim Cramer’s latest comments, earlier charts from The Kobeissi Letter on X confirm a strong correlation between fiscal deterioration and Bitcoin rallies. In May 2025 alone, the U.S. posted a $316 billion monthly deficit, the third largest in history. Accordingly, Bitcoin and gold have both posted a historic two-year run, with Bitcoin climbing over 640%.
Elon Musk has also added to the debate. As CoinGape reported, Musk stated that the U.S. dollar is “hopeless” and confirmed that his “America Party” will accept Bitcoin donations. Musk said the national debt is spiraling out of control and called Bitcoin the only alternative that makes sense going forward.
Jim Cramer’s shift has not gone without criticism. Prominent crypto attorney John Deaton called out the contradiction in Cramer’s past and present stance. In a post on X, Deaton reminded the public that Cramer previously referred to Bitcoin as a Ponzi scheme. He also criticized CNBC for failing to hold Cramer accountable for such dramatic reversals.
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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