Bitcoin
Jim Cramer Plans to Sell Bitcoin Holdings Over Quantum Computing Concerns
The CNBC host cited quantum computing risks following a discussion with IBM's CEO as reason to exit his crypto position.
Jim Cramer announced plans to sell his entire Bitcoin holdings after speaking with IBM Chairman and CEO Arvind Krishna, who cautioned that quantum computers could eventually undermine current encryption standards. Cramer stated on CNBC that he would exit his position based on the quantum computing threat.
Cramer has not disclosed the size of his holdings, and without verifiable wallet links to him, it remains impossible to confirm whether he owns Bitcoin or has begun selling. Bitcoin itself showed little reaction to his comments, trading at $63,720 with a 1.65% daily gain at the time of reporting.
Cramer's relationship with Bitcoin spans roughly a decade and has shifted multiple times. In December 2017, as Bitcoin approached $20,000, he dismissed it as "Monopoly money" and compared purchasing it to gambling. He later claimed to have bought around $10,000 in late 2020 before selling most of his position in summer 2021 following China's mining crackdown. When U.S. spot Bitcoin ETFs launched in January 2024, he warned of a correction, though the asset eventually surged above $70,000 after a brief dip. In early 2025, he called Bitcoin "a great thing to have in a portfolio," only to reverse course in July 2026, labeling it "bad money" as investors rotated into high-growth companies.
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