Jim Cramer "Sells all Bitcoin"... Reverses Stance Again on Quantum Computer Fear

▲ Jim Cramer, Bitcoin (BTC) / ChatGPT generated image ©

Jim Cramer, host of CNBC in the U.S., announced he would sell all his Bitcoin (BTC) holdings due to the threat of quantum computers to cryptocurrency systems, reigniting the debate surrounding virtual asset security.

According to the cryptocurrency media outlet Finbold on August 4 (local time), Cramer expressed his intention to sell Bitcoin after an interview with Arvind Krishna, Chairman and CEO of IBM, on July 31. Krishna argued that quantum computers could threaten current cryptographic standards in the long term and that investors should seriously heed this risk.

Cramer stated that Krishna is well-versed in quantum technology and Bitcoin, adding, "I'm going to sell my Bitcoin." However, the media explained that the size of his holdings was not disclosed, and there are no wallets definitively linked to Cramer, making it impossible to verify actual ownership or whether the sale has commenced.

Bitcoin's price was not significantly impacted by Cramer's remarks or the quantum security debate. At the time of writing, Bitcoin was trading at $63,720, up 1.65% over the day.

Cramer has previously offered conflicting views on Bitcoin multiple times. In December 2017, when the price first approached $20,000, he likened Bitcoin to "Monopoly money" and called it gambling, not an investment. However, in late 2020, he stated he bought it at around $10,000, later increased his holdings, and reportedly sold most of it after China's mining crackdown in 2021.

In January 2024, he warned of a price correction ahead of the launch of a U.S. Bitcoin spot ETF, but Bitcoin temporarily dropped to $40,000 before reaching a then all-time high of over $70,000. In early 2025, he called Bitcoin an excellent asset to hold in a portfolio and recommended direct ownership over indirect investment through Strategy. However, in July 2026, he returned to a selling stance, calling Bitcoin and gold "bad money" as investors moved to high-growth companies like SpaceX.

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