
PANews|Aug 12, 2025 05:57
CNBC host Jim Cramer: BTC and ETH are choices for young people to hedge against financial crises
Renowned financial program host Jim Cramer recently spoke frankly during a live broadcast about the current state of the US fiscal situation, stating that the huge fiscal deficit and trillions of dollars in interest payments have left him with little confidence that the US can overcome its difficulties through economic growth.
He stated that this economic environment has prompted many young people to shift their funds towards Bitcoin (BTC) and Ethereum (ETH), viewing them as better asset allocation directions and safe havens. Cramer claims to be a staunch supporter of this viewpoint because he cannot see any other practical solutions.
When asked if Bitcoin could hold on in the event of a "financial apocalypse," Cramer didn't hesitate to say yes.
He believes that in the context of increasing global economic and debt pressures, cryptocurrency assets, especially BTC and ETH, will play an increasingly important role in safe haven and value storage.
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