Jim Cramer: "I heard Trump is filling the Bitcoin strategic reserve at $60,000"

Doohyun Hwang

Summary

Jim Cramer said he heard that President Donald Trump is buying Bitcoin as a U.S. strategic reserve asset.
Cramer said there is a rumor that Trump is filling a Bitcoin reserve when Bitcoin fell to $60,000, and that if true it would have major implications for the market.
Bitcoin jumped about 15% after touching $60,000 and rose above $70,000, but the claim remains market chatter with no official confirmation.

Jim Cramer, a former fund manager and popular CNBC host, has drawn attention in the crypto market after saying he "heard that President Donald Trump is buying Bitcoin as a U.S. strategic reserve asset."

Cramer said on CNBC on the 7th (local time), "I heard at $60k he's gonna fill the Bitcoin Reserve," adding, "If true, it could carry major implications for the market."

In fact, Bitcoin rebounded immediately after briefly touching the $60,000 level intraday on the 5th, surging about 15% and topping $70,000. However, Cramer’s remarks amount to market chatter he said he heard, and there has been no official confirmation from the White House, the U.S. Treasury Department, or other government agencies. President Trump has also not made any public comments recently regarding Bitcoin or crypto assets.

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