CNBC's Jim Cramer on Tuesday defended his stance on cryptocurrency, saying he endorses owning some Bitcoin as a hedge against government spending and a ballooning deficit. "While there's no proof crypto can protect you from anything — at least not yet — it's a plausible story," he said.

'Mad Money' host Jim Cramer looks at the recent moves in bitcoin and shares his thoughts on the space. 'Mad Money' host Jim Cramer looks at the recent moves in bitcoin and shares his thoughts on the space. Theaters issue warning to fans heading to see Wicked

Jim Cramer said he thinks Bitcoin and “other cryptocurrencies” should be in an investor’s portfolio, after the crypto had dropped from its price peak.