Jim Cramer plans to sell his Bitcoin over quantum fears as BTC rises 1.6%
The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
Former hedge fund manager and CNBC “Mad Money” host Jim Cramer said he plans to sell all his Bitcoin due to quantum computing fears.
“I’m going to sell mine [Bitcoin],” said Cramer during a Friday episode, citing quantum computing concerns that IBM chairman and CEO Arvind Krishna had raised on his show the previous day.
During Thursday’s episode, Krishna told Cramer that he should get “paranoid” about quantum computing’s threat to cryptocurrencies in the next three to four years.