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Cramer Says ‘Every’ Corporate Treasurer Should Be Thinking Bitcoin

The CNBC host said its almost irresponsible not to include bitcoin on balance sheets following Tesla’s buy.

(Brad Barket/Getty Images)

Feb 9, 2021 at 6:23 p.m. UTC

CNBC personality Jim Cramer has turned bullish on bitcoin balance sheets in the wake of Tesla’s $1.5 billion buy.

  • “I think it’s almost irresponsible not to include” bitcoin on corporate balance sheets, Cramer said on CNBC Tuesday.
  • “Every treasurer should be going to boards of directors and saying, ‘Should we put a small portion of our cash in Bitcoin?’ It seems to be an interesting way to hedge against the rest of the environment,” he said.
  • “I think it’s an alternative to having cash position where you make absolutely nothing,” Cramer said. The verdict on bitcoin: “Nice hedge against fiat currency.”
  • Cramer has previously endorsed MicroStrategy’s bitcoin treasury reserve. He called CEO Michael Saylor a “gunner” he wouldn’t bet against on a mid-January episode of Mad Money.
  • Cramer, who said he owns bitcoin, has previously advocated for the cryptocurrency as a hedging instrument.

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CNBCTeslaBitcoin Treasury Reserve AssetJim Cramer

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