CNBC analyst Jim Cramer believes that digital assets like Bitcoin can serve as a safeguard against the United States’ mounting $37 trillion debt load. Speaking on his Mad Money television program, the analyst described his own holdings in Bitcoin and Ethereum as “insurance,” saying there’s a real chance the younger generation will eventually opt for crypto as an alternative to fiat.

Cramer went on to point out that the government’s current budget standoff avoided colliding with debt repayment deadlines. He argues that such close calls only highlight the fragility of the system and pave the way for crypto to shine. While older Americans may not feel the brunt of these issues, he warned that future generations “will have to live with them,” and may push towards even further crypto adoption.

As recently as this past August, Jim Cramer shared how Bitcoin and ETH are great options to explore as new safe-haven assets in the current market scenario. The inflating US debt metrics have now gone out of control, with Jim Cramer adding that he has little faith that this development may ever gain stable control. “Well, it just continues to be. Anytime you ever hear about what size the deficit is, or David, you know that the trillions of dollars in interest have made a lot of younger people feel this and Ethereum are better places to be. I’m a huge believer in this, by the way, because I have very little faith that we’re going to be able to grow our way out. I cannot think about how we’re going to grow our way out of our situation yet. Maybe.”

The United States’ push to become the crypto capital of the world is going well, as several pieces of pro-crypto legislation have passed. Further, the US SEC has recently brought forth an update, introducing a new listing procedure for launching crypto ETPs. This could set a new path for crypto ETFs to follow. The approval and launch of these crypto ETFs will send assets like Bitcoin, Ethereum, and Solana even higher as the year comes to an end.