Cramer has consistently supported bitcoin as a viable alternative to gold, viewing it as a hedge against government spending and rising deficits.

In July 2024, Trump spoke at a major bitcoin conference in Nashville, advocating for U.S. crypto assets to be mined and produced domestically.

On December 5, 2024, Jim Cramer discussed the recent surge in bitcoin's value, which surpassed $100,000 just a day earlier, marking a remarkable 140% increase this year.

Cramer emphasized the importance of diversifying investment portfolios, advising investors to include both stocks and cryptocurrencies to maximize their opportunities.

He highlighted several high-performing stocks, including Palantir, Tesla, Costco, and Nvidia, to reinforce the necessity of a diversified investment strategy.

The cryptocurrency has gained significant attention recently, particularly during the 2024 presidential election, where Donald Trump endorsed it and made promises to the crypto industry.

Following this, on December 4, 2024, Trump announced plans to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission, indicating a potential shift in regulatory tone.