Jim Cramer Thinks 'Every' Corporate Treasurer Should Be Thinking Bitcoin

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

AccessTimeIconFeb 9, 2021 at 6:23 p.m. UTC
Updated Sep 14, 2021 at 12:09 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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 during a mid-January episode of "Mad Money."
  • Cramer, who said he owns bitcoin, has previously advocated for the cryptocurrency as a hedging instrument.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.