Jim Cramer, host of CNBC's Mad Money, has criticized the performance of cryptocurrencies and gold as crisis hedges during the ongoing U.S.-Iran conflict. Cramer observed that neither asset functioned effectively as a safe haven, noting that the market was dominated by margin calls and forced selling. He questioned the reliability of Bitcoin and gold in true crisis scenarios, as Bitcoin trades near $70,600, significantly below its October 2025 peak of $126,000, and gold has retreated from its January 2026 high of $5,595 per ounce to around $4,400. Cramer also highlighted the disconnect between media narratives and market realities, pointing out that Brent crude oil prices fell 7% to approximately $97 per barrel amid diplomatic efforts for a ceasefire. He warned traders betting on higher oil prices of potential losses and emphasized the importance of price movements in market analysis. Cramer's comments challenge the perception of Bitcoin as digital gold, raising questions about its role in investment portfolios during geopolitical shocks.