[DigitalToday reporter Yoonseo Lee] U.S. investment commentator Jim Cramer (짐 크레이머) has labelled both bitcoin and gold as "bad money" and said market funds are moving into high-growth technology shares such as Nvidia and Apple.

U.Today, a blockchain outlet, reported on Tuesday that Cramer sees bitcoin and gold being liquidated, while artificial intelligence-related stocks absorb the money.

The remarks came after Cramer recently stepped up criticism of Michael Saylor (마이클 세일러), chairman of Strategy. He previously said the company was "killing bitcoin" over Strategy selling 32 bitcoins. He judged that the company has for years served as a "core foothold" for the bitcoin price.

Cramer also said in early June 2026 that the market's pro-bitcoin view around Strategy needs another look. Some market participants described Strategy's influence as market manipulation, but he drew a line, saying that description was exaggerated. He still repeatedly raised the issue of how a specific company's buying strategy affects bitcoin price formation.

He again raised doubts about bitcoin's practical use. In February, Cramer publicly questioned bitcoin's utility and said he did not know what the asset is actually leveraged to. He also did not agree with the claim that it is an effective hedge against geopolitical conflict.

Cramer's view of bitcoin has not been consistent. He has said he held and supported cryptocurrencies from an early stage. During an appearance on The Pomp Podcast in 2021, he disclosed that he invested $500,000 in bitcoin after taking advice from Anthony Pompliano (앤서니 폼플리아노), and he showed strong optimism at the time. His assessment has changed several times since then.

Markets are focusing on a tilt toward AI investment as a factor behind bitcoin weakness. Arthur Hayes (아서 헤이즈), a co-founder of BitMEX, recently said, "Every dollar being issued is being vacuumed up by tech stocks." He said inflows needed to sustain a bitcoin bull market did not come in sufficiently. In fact, AI-related stocks including Nvidia showed an advantage over cryptocurrencies in terms of capital allocation.

That trend shows bitcoin is not moving only on issues specific to the asset, but is also tied to shifts in liquidity allocation across the broader market. As the influence of large holders such as Strategy, the debate over bitcoin as a hedge asset and the move of funds into AI stocks continue at the same time, the bitcoin market is likely to become more sensitive for the time being to external money flows.

Bitcoin and gold--bad money, being liquidated for SpaceX. Apple and Nvidia --good money--being liquidated