CNBC host and longtime market commentator Jim Cramer has sparked debate in the financial space after dismissing Bitcoin and gold as “bad money”.
Cramer in a post on X, argued that investors are increasingly shifting their attention toward high-growth opportunities such as SpaceX’s anticipated initial public offering (IPO).
He wrote,
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“Bitcoin and gold bad money, being liquidated for SpaceX. Apple and Nvidia good money being liquidated”.
His post suggests that capital is flowing away from traditional stores of value and speculative assets into companies perceived to offer stronger long-term growth potential, reigniting discussions about the future role of cryptocurrencies and precious metals in modern investment portfolios.
The remarks quickly spread across X, as many in the crypto community interpreted the statement as a classic “inverse Cramer” signal, suggesting it could be bullish for Bitcoin and gold.
Many commenters challenged the logic behind the argument. Some questioned why investors would avoid the highly anticipated SpaceX IPO if market participants were indeed selling other assets to gain exposure to it.
Others argued that the reasoning appeared inconsistent and disconnected from the behavior of everyday investors. Several users also took issue with Cramer’s characterization of gold as “bad money,” pointing out that the precious metal has served as a store of value and medium of exchange for thousands of years.
For these critics, gold’s long history in global commerce undermined the notion that it belongs in the same category as assets being discarded by investors.
See some comments below;
@The Terminal wrote,
“If markets are being liquidated because people are buying into this, avoiding the IPO does not make any sense. Maybe they call us ‘dumb money’ because they think we believe inconsistent arguments. If Elizabeth Warren says, ‘I do not want it,’ I know for a fact that I want it. This does not make sense to educated, middle-class investors.”
@his_eminence_j wrote,
“Once again, I don’t know where you pull your analysis from. People are pulling away from cyclical sectors and are buying defensives. It’s not some mad rush toward the IPO of a company that 93% of its estimated value, by their own admission, is a fiction.”
@Sean_Willis wrote,
“The people selling to buy SpaceX will only get allocated a fraction of their shares at IPO…if they get any shares at all. The people that sold companies will have to buy back the stock of those companies with the funds that didn’t get used.”
Cramer’s Long-Running Skepticism of Bitcoin
Cramer’s history with Bitcoin has been unfriendly. He has frequently criticized the cryptocurrency over the years, only for BTC to often rally after his bearish calls.
His latest criticism of Bitcoin is consistent with a long history of skepticism toward the cryptocurrency. Over the years, the television host and market commentator has repeatedly questioned Bitcoin’s value proposition, volatility, and suitability as an investment asset, often drawing sharp reactions from the crypto community.
His comments have frequently sparked debate among investors, with Bitcoin supporters arguing that the cryptocurrency has continued to defy bearish predictions by reaching new highs and attracting growing institutional adoption.
As a result, many crypto enthusiasts have come to view Cramer’s negative outlook as a contrarian signal, often interpreting his criticism as a bullish indicator for the digital asset.
The latest remarks therefore fit into a broader pattern of public skepticism from Cramer toward Bitcoin, a stance that has made him one of the cryptocurrency’s most prominent critics in traditional financial media.
This latest take comes amid ongoing Bitcoin ETF outflows and market rotation ahead of SpaceX’s public debut, which has generated massive hype and is expected to command a valuation in the hundreds of billions or even trillions according to some projections.
As SpaceX prepares for its IPO, market observers will watch whether the capital shift described by Cramer materializes and how it impacts traditional assets like Bitcoin and gold in the near term. For now, Cramer’s latest hot take has once again energized the crypto community.