Jim Cramer plans to sell his Bitcoin over quantum fears as BTC rises 1.6%
The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
CNBC's Jim Cramer plans to sell all his Bitcoin holdings due to concerns about quantum computing. Cramer, during a Friday episode of "Mad Money," cited IBM chairman and CEO Arvind Krishna's warnings about quantum computing's threat to cryptocurrencies in the next three to four years. Bitcoin's price rose 1.6% to trade above $63,500, but it has dropped 27% year-to-date.
Some crypto investors celebrated Cramer's comments, referencing the "inverse Cramer" meme, which advises buying when the fund manager sells. Large investors are also exiting Bitcoin due to a dwindling market liquidity. Whale wallet bc1qpt transferred its entire holdings of 16,400 Bitcoin, worth around $1 billion, to a new address in a single transaction on Monday.
This follows a decline in daily cryptocurrency trading activity across leading exchanges last week, which hit the lowest level of 2026 at $15 billion, according to data from Kaiko. Industry experts are divided on the timeline of a quantum computing breakthrough. While Blockstream CEO Adam Back stated that Bitcoin has no meaningful quantum threat for at least 20 to 40 years, Bernstein analysts predicted that Bitcoin has only a few years to prepare for a post-quantum security upgrade.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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