Jim Cramer took to social media platform X on Thursday to question the cryptocurrency market, specifically questioning Bitcoin’s (CRYPTO: BTC) utility during periods of geopolitical instability.

• What is BTC doing today?

Cramer Dismisses “Iranian War Hedge” Narrative

As tensions between the U.S. and Iran reach levels not seen in decades, Cramer dismissed the long-held thesis that Bitcoin serves as a safe-haven asset.

“at the risk of antagonizing everyone, what IS Bitcoin levered to? I was thinking could be good hedge against Iranian war. NOPE,” Cramer wrote on X.

Market “Slaughter” and Sentiment Shift

The broadcaster did not mince words regarding current price action. In…

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