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Jim Cramer Plans to Sell Bitcoin Over Quantum Fears as BTC Rises 1.6%
Jim Cramer said he will exit all bitcoin holdings as he warned quantum computing could undermine cryptocurrency security within three to four years.
- CNBC 'Mad Money' host Jim Cramer announced plans to sell all his Bitcoin holdings, citing concerns that quantum computing advancements could threaten cryptocurrencies within the next three to four years.
- During Thursday's episode, IBM Chairman and CEO Arvind Krishna told Cramer he should get "paranoid" about quantum computing's threat to modern cryptography within that window.
- Blockstream CEO Adam Back argues Bitcoin faces no meaningful quantum threat for at least 20 to 40 years, contradicting claims that nearly 10% of supply is "structurally unsafe."
- Cryptocurrency investors celebrated the news, referencing the popular "Inverse Cramer" meme, an investment philosophy that bets against his public calls.
- Bitcoin's price rose 1.7% on Tuesday to trade above $63,500, though it remains down 27% year-to-date, as daily cryptocurrency trading activity fell to $15 billion last week.
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economiccollapse.reportJim Cramer Just Sold His Bitcoin And Bulls Couldn’t Be Happier
Jim Cramer Just Sold His Bitcoin And Bulls Couldn’t Be Happier Looks like $100,000 bitcoin may be on deck, because Cramer is selling. The ultimate inverse indicator Jim Cramer says he is selling all of his bitcoin, warning that rapid advances in quantum computing could threaten the cryptocurrency’s security within the next three to four...
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Total News Sources25
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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