Why Jim Cramer’s quantum panic isn’t rattling bitcoin as price holds steady around $64,000
Jim Cramer says he's dumping his bitcoin over quantum computing fears, but his track record of crypto and bank calls has buoyed the crypto community.
Jim Cramer, the host of "Mad Money," has decided to sell all of his bitcoin holdings due to concerns over quantum computing advancements that could threaten cryptocurrencies within the next three to four years. His comments were made during an interview with IBM Chairman and CEO Arvind Krishna, who shared his own views on potential risks.
While the exact size of Cramer's bitcoin stash remains undisclosed, the crypto community has reacted positively to his plan to exit the market. Some crypto enthusiasts see this as a strong buy signal for 2026, while others believe it's an inverse Cramer trade that could lead to a shift in market sentiment. Despite Cramer's history of flip-flopping on his predictions and high-profile misses, such as his initial skepticism about bitcoin in 2017 and his comments on SVB collapse in 2023, his recent words have not caused a significant drop in bitcoin's price.
The token has remained stable around $64,000, remaining resilient despite incidents like the Coldcard hack and rising bond yields. Additionally, crypto exchange Binance continues to expand its services, further demonstrating the robustness of the cryptocurrency market.
Written by urgent.news from CoinDesk's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.