CNBC host Jim Cramer: BTC and ETH are young people's hedge against financial crises. In a recent live broadcast, renowned financial show host Jim Cramer commented on the current state of the US fiscal system, stating that the massive fiscal deficit and trillions of dollars in interest payments leave him with little confidence that the US can escape its crisis through economic growth. He stated that this economic environment has prompted many young people to shift their funds to Bitcoin (BTC) and Ethereum (ETH), viewing them as better asset allocation options and safe havens.

Cramer, who calls himself a staunch supporter of this view, sees no other viable solution. When asked if Bitcoin could hold up in the event of a "financial apocalypse," Cramer unhesitatingly said yes.