Cramer Questions Bitcoin's Utility Amid Iran Tensions, Calls Cryptos 'Slaughtered'
ByAinvest
Saturday, Feb 21, 2026 6:41 pm ET1min read
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Jim Cramer, a finance expert and Bloomberg alum, questioned Bitcoin's utility as a safe-haven asset during periods of geopolitical instability, dismissing its "Iranian war hedge" narrative. He called the cryptocurrency market "slaughtered," despite institutional investors like Strategy Inc. aggressively buying in. Defense stocks, such as Karman Holdings and Kratos Defense & Security Solutions, saw gains as tensions between the US and Iran reached new heights.
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