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ays been a gold bug, but now I’m a bit of a crypto bug just as a hedge,” Cramer said on “Squawk on the Street.” “I don’t swear by it.”

Cramer’s comments come days after the world’s largest bitcoin conference was held in Miami.

During the multi-day conference, El Salvador President Nayib Bukele announced plans to adopt bitcoin as a legal tender, which would make the country the world’s first sovereign nation to do so.

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Cramer: ‘I’m a bit of a crypto bug’ as a hedge, but there’s risk it could fall further