Jim Cramer Watched Crypto in a Real Crisis and Saw One Ugly Truth

CNBC's Jim Cramer asserted that during the recent U.S.-Iran conflict, both Bitcoin and gold failed to function as reliable crisis hedges. He stated that instead of providing safety, he witnessed widespread margin calls and forced selling among holders. Cramer specifically pointed to Bitcoin's performance, noting its significant drop from its all-time high and its high correlation with the S&P 500, which undermines its status as a non-correlated hedge. Similarly, gold pulled back from its recent peak. Cramer's core argument is that price action dictates market narratives, warning that traders expecting continued high oil prices based on geopolitical fears face a painful reversal, as falling crude prices correctly signal the direction for equities. He concluded that the margin-call reality for crypto holders challenges the narrative of BTC acting as digital gold during geopolitical shocks.

(Source：BeInCrypto)