Buys Bitcoin to Shield Kids from $37.8 Trillion Debt
- Jim Cramer announced on CNBC he’s purchasing Bitcoin for his kids as protection against the US’s $37.8 trillion debt burden.
- Bitcoin fell over 1% to US$118,664 after Cramer’s comments, dropping nearly US$5k from its 14 July all-time high of US$123,091.
- The “Inverse Cramer” phenomenon continues, where traders often do the opposite of what the famous TV host recommends due to his track record.
- Cramer previously called crypto critics “a bunch of yahoos” but now sees Bitcoin as “a nice hedge” against his fears about mounting government debt.
Articles about Jim Cramer usually feature some element of flip‑flopping: either Cramer does the opposite of what the market expects, or the market tanks…
