Jim Cramer Says Cryptos Are 'Getting Slaughtered,' Dismisses Bitcoin As Iranian War Hedge

February 22, 2026 - 12:52

Financial commentator Jim Cramer has publicly challenged the narrative that cryptocurrencies, particularly Bitcoin, serve as a reliable safe haven during international crises. His comments come as digital asset markets face significant downward pressure.

Speaking on social media, Cramer pointed to the recent market volatility, stating that cryptocurrencies are "getting slaughtered." He specifically dismissed the idea that Bitcoin acts as an effective hedge against geopolitical instability, such as the escalating tensions between the U.S. and Iran. This perspective contradicts a long-held belief among some investors that Bitcoin, with its decentralized nature, can protect wealth during traditional market turmoil or global conflicts.

The critique arrives during a broad sell-off across the crypto sector, which has seen major digital currencies lose substantial value. Proponents of Bitcoin often compare it to digital gold, suggesting it should retain value when trust in governments or traditional finance wavers. However, Cramer's remarks highlight a period where its price action appears more correlated with risk assets than with traditional safe havens. This performance has reignited the debate over Bitcoin's fundamental characteristics and its practical role in a diversified investment portfolio during times of global uncertainty. Market analysts are now closely watching to see if the asset can decouple from stock markets and prove its defensive merits in the long term.