CumberlandJim 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.
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 says he plans to sell all of his bitcoin, citing fears that advances in quantum computing could undermine cryptocurrency security within three to four years. Many crypto traders are cheering Cramer’s planned exit, treating it as a bullish signal given his predictions record of high profile misses. Bitcoin has held near $64,000 despite Cramer’s warning, a Coldcard hardware wallet hack, rising bond yields and sales by major corporate holder Strategy.
Jim Cramer wants out of bitcoin BTC$63,607.21 and the crypto community’s reaction is positive.
The "Mad Money" host said this week that he plans to sell all of his bitcoin holdings due to concerns that advancements in quantum computing could threaten cryptocurrencies within the next three to four years.
The comment followed his July 31 interview with IBM Chairman and CEO Arvind Krishna, who told Cramer that quantum computers could challenge modern cryptography within that window and that investors should be "paranoid" about the risk.
Neither the size of Cramer's bitcoin stash nor any wallet tied to him has been disclosed, or tracked by analytics firms, so there's no way to independently verify whether he actually holds BTC or has started selling his coins.
Some in the crypto community are buoyed by Cramer’s plan to exit the market.
“Jim Cramer did it again. Bitcoin just received the strongest buy signal of 2026,” a self-proclaimed bitcoin maximalist X user Alex said.
Several others have made similar comments but BTC has remained resilient around $64,000 despite the Coldcard hack incident and rising bond yields.
Inverse Cramer?
The reaction of the crypto community can be explained by Cramer’s reputation as a contrary indicator in the industry. The "inverse Cramer" trade, betting against whatever he recommends, became such a running meme that an entire ETF was built around it. The Inverse Cramer Tracker ETF (SJIM) launched in 2023 to short his public calls; it shut down in early 2024 after failing to gather meaningful assets.
This reputation is not without foundation. Cramer’s prediction history is marked by notable flip flops and high profile misses.
In December 2017, right as bitcoin was climbing toward its first run at $20,000, he called it "monopoly money" and said buying it was pure gambling and not investing. In September 2020, he supposedly bought the cryptocurrency around $10,000 after a podcast conversation with investor Anthony Pompliano, and later added more that year.
The reversals kept coming. In June 2021, he sold most of his bitcoin holdings, citing China's crackdown on crypto mining. Prices went on to hit lifetime highs near $70,000 by November 2021.
In January 2024, he warned of a "nasty" bitcoin selloff following the debut of spot bitcoin ETFs in the U.S. While prices did drop slightly to $40,000, the decline was anything but nasty and by March, prices had rallied to $70,000.
Cramer changed his view in January 2025, calling bitcoin “a great thing to have in portfolio” and urging investors to own the token themselves instead of seeking an indirect exposure through bitcoin-holding firm Strategy (MSTR).
Last month, he swung bearish, calling bitcoin and gold "bad money" that’s being liquidated in favor of high-growth names like SpaceX, Apple and Nvidia. Now, in August 2026, he's planning a full exit.
Cramer's most damaging recent miss came in traditional banking. On Feb. 8, 2023, he told viewers Silicon Valley Bank was undervalued, describing it as a merchant bank that Wall Street had "mistakenly" grown concerned about.
A month later, SVB collapsed in the second-largest bank failure in U.S. history at the time.
For now, bitcoin's price hasn't shown any sign of taking Cramer's quantum warning seriously.
In fact, the token has remained resilient at around $64,000 despite the Coldcard hack, and Strategy’s disclosure of BTC sales.
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The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Bhutan's GMC puts part of its bitcoin treasury to work after 10,000 BTC pledge
XRP holders can now borrow RLUSD on Ethereum through $280 million lending pool
Bitcoin nears $64,000 as traders look past Strategy's BTC sales and Coldcard sweeps
Bhutan's GMC puts part of its bitcoin treasury to work after 10,000 BTC pledge
XRP holders can now borrow RLUSD on Ethereum through $280 million lending pool
A new Solana proposal aims to ramp up daily SOL Burns from $47,000 to $650,000