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CNBC host Jim Cramer: BTC and ETH are the choices for young people to hedge against the financial crisis.
CNBC host Jim Cramer: BTC and ETH are the choices for young people hedging against the financial crisis. Well-known financial program host Jim Cramer recently stated in a live broadcast that the enormous fiscal deficit and trillions of dollars in interest payments leave him with almost no confidence that the U.S. can emerge from its difficulties through economic growth. He noted that this economic environment is prompting many young people to shift their funds toward Bitcoin (BTC) and Ethereum (ETH), seeing them as better asset allocation directions and safe havens.
Cramer claims to be a staunch supporter of this view, as he sees no other viable solutions. When asked if Bitcoin can hold up in the event of a "financial apocalypse," Cramer confidently affirmed.