Bitcoin is once again facing criticism from one of Wall Street’s most recognizable voices. CNBC’s Jim Cramer has labeled Bitcoin and gold as “bad money,” arguing that investors are moving away from both assets and pouring capital into high-growth technology stocks.
According to Jim Cramer, companies such as Nvidia and Apple are attracting the attention of investors looking for stronger returns. As artificial intelligence continues to dominate market narratives, Bitcoin has struggled to keep pace with the momentum seen in leading tech stocks.
The comments add another chapter to Cramer’s long and often inconsistent relationship with the cryptocurrency market.
Also Read: XRP ETF Inflows Hit $7.44 Million as Bitcoin and Ethereum Funds See Heavy Outflows
Jim Cramer Concerns Over Strategy
In early June 2026, Cramer suggested that the market may need to rethink its pro-Bitcoin stance when it comes to Strategy. He argued that the company has acted as a major support mechanism for Bitcoin’s price for years.
His remarks came shortly after he accused Strategy co-founder Michael Saylor of “murdering Bitcoin” following the sale of 32 BTC. While some market participants have described Strategy’s influence on Bitcoin as market manipulation, Cramer stopped short of endorsing that view. He stated that such claims were too strong.
Earlier this year, Cramer also questioned Bitcoin’s utility. In February, he openly asked what the cryptocurrency was actually leveraged to and dismissed the idea that it serves as an effective hedge during geopolitical conflicts.
These views stand in contrast to his earlier enthusiasm for the asset. In 2021, Cramer revealed that he had invested $500,000 in Bitcoin after following advice from crypto advocate Anthony Pompliano.
Jim Cramer’s Bitcoin Debate Meets AI Boom
The rise of artificial intelligence has become one of the biggest explanations for Bitcoin’s recent underperformance. Capital that might once have flowed into crypto has increasingly moved toward AI-focused investments.
BitMEX co-founder Arthur Hayes recently summarized the trend by stating that AI “sucked up all created dollars.” Nvidia, in particular, has emerged as a major beneficiary of that shift.
For now, the battle for investor capital appears clear. As AI stocks capture market attention, Bitcoin continues to fight for relevance in an increasingly competitive landscape.
Also Read: Bitcoin ETF Expansion Continues as BlackRock Advances BITA Income Fund
