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. Frank Speiser, Metafide CEO, joins 'The Exchange' to discuss his Bitcoin outlook and the likelihood of the crypto rally remaining intact.