Jim Cramer, the host of the Mad Money program broadcast on CNBC, described Bitcoin and gold as “bad money” and said that the liquidity in the market was directed towards high growth-oriented technology stocks such as Nvidia and Apple. Cramer’s latest comments come as discussions about the crypto market’s recent relative weakness against technology stocks gain momentum.
Bitcoin and Strategy comment from Cramer
Cramer recently accused Strategy co-founder Michael Saylor of “killing Bitcoin” after the company sold 32 BTC. In his assessment at the beginning of June 2026, he stated that the market may need to reconsider the pro-Bitcoin approach that it has long adopted regarding Strategy.
According to him, the company has served as a key jumping off base for the Bitcoin price for years. Although some market observers described MicroStrategy’s impact on the asset as a driver, Cramer said such assessments were too harsh.
Mini dictionary: Strategy is a US-based software company, previously known as MicroStrategy, which stands out for holding a large amount of Bitcoin on its balance sheet. Michael Saylor is known as one of the most visible names of the company’s Bitcoin-focused treasury approach.
Cramer stated that the pro-Bitcoin stance adopted for Strategy in the market may need to be re-evaluated, and that the company has long been seen as an important support element on the price.
Benefits debate and changing stance
Cramer openly questioned the usage area of Bitcoin in February 2026. He asked what the asset was actually based on and rejected the notion that it was an effective hedge against geopolitical tensions. These statements marked a marked contrast to Cramer’s more positive approach in previous years.
Cramer has previously stated that he began to show interest in crypto assets quite early. When he joined The Pomp Podcast in 2021, he announced that he invested 500 thousand dollars in Bitcoin after Anthony Pompliano’s advice and painted an optimistic picture at that time. However, his comments in later years indicated that his attitude towards the asset was fluctuating.
Is liquidity shifting to AI stocks?
Another prominent theme in the news was that artificial intelligence-focused stocks attracted liquidity in the market. According to this view, the reason behind Bitcoin’s failure to perform as strongly as expected is that investor interest is directed towards artificial intelligence-related companies rather than crypto assets.
BitMEX co-founder Arthur Hayes recently outlined a similar framework. Hayes argued that most of the new dollar liquidity created flows into the AI theme, limiting the capital inflow that would fuel Bitcoin’s upward trend.
Arthur Hayes stated that the artificial intelligence theme absorbed most of the dollar liquidity created, therefore the capital flow that would support a strong rise on the Bitcoin side has weakened.
According to the latest table, artificial intelligence-related stocks, especially Nvidia, have surpassed the crypto market in terms of capital distribution. This situation brought about a new comparison of the areas in which investors’ risk appetite is concentrated.
