Cramer’s change of heart comes as economic commentators draw a connection between government overspending and Bitcoin’s recent price surge. The Kobeissi Letter points to a $316 billion deficit in May, one of the highest on record, coinciding with Bitcoin’s continued rally — up over 15% since Trump signed a sweeping new spending bill.
With market forecasts suggesting debt could hit $38 trillion by late 2025, confidence in the U.S. dollar appears to be eroding. Elon Musk recently echoed that sentiment, calling the dollar “hopeless” and announcing Bitcoin donations for his new political movement.
Not everyone is convinced by Cramer’s turnaround. Attorney John Deaton criticized the lack of accountability, highlighting Cramer’s past dismissal of Bitcoin as a scam. Still, the broader trend is clear: Bitcoin is gaining ground as a hedge, even among its former skeptics.
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