Jim Cramer says he uses crypto as ‘insurance' against $37 trillion of U.S. debt

CNBC's Jim Cramer revealed a strategic shift in his cryptocurrency stance, announcing he now uses digital assets as "insurance" against America's staggering $37 trillion national debt. Speaking on Squawk Box September 29, the Mad Money host struck a notably bullish tone on crypto markets, marking another pivot in his volatile relationship with Bitcoin and blockchain technology.

Cramer's endorsement highlights growing institutional acceptance of cryptocurrency as a hedge against mounting U.S. fiscal concerns and potential dollar devaluation. His comments come as traditional investors increasingly view Bitcoin and other digital assets as portfolio diversification tools amid unprecedented government spending and debt accumulation.

The television personality's latest crypto commentary reflects broader Wall Street sentiment, where investment firms are integrating blockchain-based assets into risk management strategies. Cramer's "insurance" analogy underscores cryptocurrency's evolving role from speculative investment to potential store of value during economic uncertainty.

This development signals mainstream media figures recognizing DeFi and digital currency markets as legitimate financial instruments, potentially driving increased retail adoption and institutional investment in the cryptocurrency ecosystem.