Market commentator Jim Cramer has shifted to a bullish tone on Bitcoin and Ethereum, telling CNBC that both assets are emerging as modern-day safe havens in an unstable global economy.
The long-time finance host described himself as a “believer” in the two largest cryptocurrencies, noting their resilience despite mounting economic challenges.
Cramer pointed to the surging U.S. deficit and ballooning interest payments as factors driving younger investors toward BTC and ETH.
He expressed little confidence in the government’s ability to “grow its way out” of the current fiscal mess, arguing that cryptocurrencies offer a hedge against potential financial turmoil.
While discussing Bitcoin’s durability, Cramer suggested the asset could hold its ground even in a worst-case “financial Armageddon” scenario.
Ethereum, he added, shares similar safe-haven potential thanks to its growing role in the broader digital economy.
Both cryptocurrencies have been on a strong upward trajectory. Bitcoin recently reclaimed the $119,000 level, while Ethereum surged toward $5,000, reinforcing their momentum as investors continue to seek alternatives to traditional assets.
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Source: https://coindoo.com/jim-cramer-declares-himself-a-believer-in-bitcoin-and-ethereum/