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[Jim Cramer: Prefers Gold Over Bitcoin for Portfolio Insurance] Deep Tide TechFlow reports that on October 21, according to BeInCrypto, CNBC host Jim Cramer responded to an investor's question on the show *Mad Money*, stating that he prefers using gold bars for portfolio insurance over Bitcoin (BTC). If holding physical gold is not feasible, options like SPDR Gold Shares (GLD) or other gold ETFs can be considered. Cramer suggested allocating new funds evenly between index funds and five selected individual stocks, then using gold or Bitcoin to 'insure' the portfolio. However, he did not deny Bitcoin's hedging capabilities, merely expressing his personal preference. Cramer also cautioned investors against being tempted by low prices to buy junk stocks or low-quality tokens, emphasizing that Bitcoin and Ethereum (ETH) are more proven cryptocurrencies.