Cramer: Bitcoin Is 'Bad Money'

CNBC Mad Money host Jim Cramer has dismissed both Bitcoin and gold as "bad money" that is currently being liquidated in favor of high-growth tech stocks like Nvidia and Apple.

This comes after the superstar stockpicker recently accused Strategy co-founder Michael Saylor of "murdering Bitcoin" following the company’s sale of 32 BTC.

Volatile options

In early June 2026, Cramer argued that the market might need to reevaluate its "pro-bitcoin stance" regarding Strategy.

He noted that the firm has acted as a "key trampoline" for the asset's price for years.

Some market observers characterized MicroStrategy's influence as manipulation, but Cramer noted that he found such claims "too strong".

In February 2026, he publicly questioned the utility of Bitcoin. He asked what it was actually leveraged to and dismissed the idea that it served as an effective hedge against geopolitical conflicts.

Cramer has stated that he began owning and backing crypto "from very early times". In a 2021 appearance on The Pomp Podcast, he revealed that he had invested half a million dollars into Bitcoin after following Pompliano's advice. At that time, he was notably bullish.

However, Cramer's relationship with the asset has been rather inconsistent.

Sucking up all the liquidity

AI sucking up all the liquidity has emerged as one of the main narratives behind Bitcoin's underperformance.

BitMEX co-founder Arthur Hayes recently concluded that "AI sucked up all created dollars." This left Bitcoin without the capital inflows necessary to sustain a bull run.

AI equities, incluing Nvidia, have outperformed the crypto market in terms of capital allocation.