CNBC’s Jim Cramer has endorsed Bitcoin as a hedge against rising U.S. debt, which currently stands at around $37 trillion. Amid his statement, market commentator the Kobeissi Letter has made a case for how the rising debt is fueling a BTC rally.
Jim Cramer Suggests Bitcoin Hedging Against $37 Trillion U.S. Debt
The TV personality 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.
The U.S. debt continues to accelerate, putting the dollar at risk. 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.
It is worth noting that President Trump’s “One Big Beautiful Bill,” which became law earlier this month, is one of the factors that could trigger a rise in the country’s debt. Interestingly, Bitcoin is up around 15% since Trump signed this bill into law.
Fiscal Crisis Fuels Bitcoin 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]
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