Cramer: Bitcoin Is 'Bad Money'
Analysis
Price Impact
MedJim cramer is a well-known financial commentator, and his opinions can influence retail investor sentiment, but the crypto market is increasingly driven by institutional flows and macroeconomic factors, making his direct impact on price less significant than it once was.
Trustworthiness
LowPrice Direction
NeutralCramer's bearish comments suggest a potential negative sentiment. however, the article also highlights other narratives like ai sucking liquidity, which is a separate factor. the market's reaction will likely depend on how these narratives compete and the broader market sentiment.
Time Effect
ShortWhile cramer's comments are recent, their immediate impact is usually short-lived as the market digests the information and moves on to the next catalyst. longer-term price direction will be determined by more fundamental factors.
Original Article:
Article Content:
Cover image via U.Today Volatile options Sucking up all the liquidity Advertisement 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. HOT Stories XRP Perpetual Contracts Officially Go Live on Kalshi Shiba Inu (SHIB), XRP, Dogecoin (DOGE) and Bitcoin Price Analysis for June 9: What Can Heal Cryptocurrency Market? He noted that the firm has acted as a "key trampoline" for the asset's price for years. Advertisement 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. Advertisement 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. #Bitcoin News #Jim Cramer