Jim Cramer Is Selling His Bitcoin Over Quantum Threat—Crypto Twitter Is Thrilled
Jim Cramer said he’s selling Bitcoin after worrying about quantum computing following an interview with IBM CEO Arvind Krishna, who said to “give yourself three or four years” before getting paranoid. Cramer treated that as a near-term warning and said quantum could threaten Bitcoin and Ethereum. The clip spread quickly and triggered the familiar “inverse Cramer” reaction, with traders joking that his bearish call is usually a buy signal. The meme has history: Cramer previously said he’d never touch crypto in 2022, near Bitcoin’s lows, and later called Bitcoin a “technological marvel.” Past attempts to build inverse-Cramer funds even led to ETFs that eventually closed. Quantum risk is real, but the timing is uncertain. Recent IBM and University of Chicago research showed a verified quantum advantage milestone, yet that is still far from breaking Bitcoin’s cryptography. Developers and analysts say post-quantum upgrades are likely needed eventually, but not imminently.
