Jim Cramer: BTC, gold being sold off for SpaceX IPO

Jim Cramer, host of CNBC's Mad Money, has claimed that investors are selling off what he calls "bad money," such as Bitcoin and gold, to raise capital ahead of the SpaceX initial public offering (IPO), Watcher.Guru reported. Cramer is widely mocked in the stock and cryptocurrency communities as an inverse indicator due to his track record of making inaccurate market predictions.