CNBC host Jim Cramer promised to sell all his Bitcoin after an interview with IBM chief executive officer Arvind Krishna raised quantum computing concerns. Krishna warned the television presenter that quantum computers could challenge current encryption standards, advising investors to treat the risk with paranoia.
Cramer said Krishna understands quantum technology incredibly well and knows both Bitcoin and quantum computing. That knowledge prompted Cramer to sell his holdings, though he did not disclose how many Bitcoins he owns.
Bitcoin remained trading above $64,000 following the comments. Daily trading volume for the top cryptocurrency fell 11 percent to $23.3 billion. Because Cramer predictions rarely come true, traders created an informal Inverse Cramer indicator, which suggests buying when Cramer advises selling and selling when he advises buying.
Shift in Bitcoin Stances
In December 2017, when Bitcoin first approached $20,000, the CNBC host called it Monopoly money and compared buying cryptocurrency to gambling. By late 2020, Cramer said he bought Bitcoin at $10,000 and later expanded his position. The Mad Money host sold most of those coins in summer 2021 after China banned Bitcoin mining.
Ahead of the launch of spot Bitcoin exchange-traded funds in the United States in January 2024, Cramer warned of a possible market correction. Bitcoin briefly fell to $40,000 before surging past $70,000. Cramer later reversed his stance, calling Bitcoin an excellent asset that deserved a place in investment portfolios.
In July 2026, Cramer adopted a bearish view once more, calling Bitcoin and gold bad money as investor capital shifted toward high-growth companies like SpaceX. Last year, Cramer also acknowledged that cryptocurrencies have a growing impact on corporate U.S. stocks, including the S&P 500 index of the 500 largest public companies by market capitalization.
