BTC and ETH are the choices for young people to hedge against financial crises
Famous financial program host Jim Cramer recently stated during a live broadcast about the current state of US finances that the huge fiscal deficit and trillions of dollars in interest payments leave him with little confidence that the US can overcome its difficulties through economic growth.
He mentioned that this economic environment has prompted many young people to shift their funds towards Bitcoin (BTC) and Ethereum (ETH), viewing 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 could hold up in the event of a 'financial apocalypse', Cramer did not hesitate to affirm this.
He believes that in the context of increasing global economic and debt pressures, crypto assets, especially BTC and ETH, will play an increasingly important role in hedging and value storage.
