“Bitcoin Is Bad Money”
“Bitcoin and gold–bad money, being liquidated for SpaceX. Apple and Nvidia–good money–being liquidated.”
On 2026-06-10, six days after declaring 'Saylor murdered Bitcoin,' CNBC's Jim Cramer wrote off BTC again on X — branding Bitcoin and gold 'bad money' being dumped to chase SpaceX and megacap tech. Coming mid-rout, it read as capitulation. But traders noted the irony: the 'Inverse Cramer' trade has a long history — his 2017 'monopoly money' jibe and January 2024 selloff warning both preceded major rallies.
The declaration was catalogued on June 10, 2026, when one Bitcoin traded for approximately $61,449. Since then, Bitcoin has appreciated by 0% relative to the price on the day Crypto Twitter (X) pronounced it finished.
