Posted 3/4/2024, 9:43:57 PM
Cramer: Bitcoin Rally Fueled by Distrust in Fiat Currencies and Inflation Fears
- Cramer believes Bitcoin is rallying because people don't trust fiat currencies and see it as a hedge against inflation
- The US dollar has lost 98% of its purchasing power since going off the gold standard in 1971
- US national debt is rising rapidly, on pace to exceed $35 trillion by April
- Bitcoin has a fixed supply cap of 21 million, so it's seen as resistant to devaluation
- Cramer predicts further crypto rallies if Ethereum ETFs get regulatory approval, telling investors to "get ready"
