Jim Cramer slams Bitcoin and gold as 'bad money'

Jim Cramer called Bitcoin and gold "bad money," saying investors are shifting to tech stocks like Nvidia, Apple, and SpaceX. He also questioned Bitcoin's utility and criticized MicroStrategy's recent BTC sale.

Jim Cramer has ignited discussion by labeling both Bitcoin and gold as "bad money," asserting that capital is moving away from these assets toward high-growth technology stocks like Nvidia, Apple, and SpaceX. His remarks, shared on CNBC's Mad Money and social media, come as the crypto market faces increased scrutiny for underperforming compared to the tech sector. Cramer also criticized MicroStrategy and its co-founder Michael Saylor after the company sold 32 BTC, suggesting that investors should reconsider their traditionally favorable view of the firm as a Bitcoin supporter. He further questioned Bitcoin's real-world utility and its effectiveness as a hedge against geopolitical risks, marking a notable shift from his previously positive stance. Meanwhile, analysts attribute recent Bitcoin price declines to factors such as Federal Reserve policy, geopolitical tensions, ETF outflows, and leverage. As a result, investor attention and liquidity are increasingly shifting toward AI and technology equities.