Jim Cramer says he’s dumping his Bitcoin over quantum computing fears
Mad Money host Jim Cramer says that he is preparing to sell his entire Bitcoin (BTC) holdings following a quantum computing discussion that sparked further debate around crypto security.
His comments came after a July 31 interview with IBM Chairman and CEO Arvind Krishna, who warned that quantum computers could eventually challenge today’s encryption standards, adding that investors should be ‘paranoid’ about the risk.
“Arvind Krishna knows quantum incredibly… He knows Bitcoin and quantum. And I’m going to sell mine,” Cramer said on CNBC, referring to the crypto asset.
Cramer has, however, not disclosed the size of his Bitcoin holdings, and as no wallet has been securely linked to him, it remains impossible to verify whether he even owns or has begun selling his crypto.
The asset itself appears unphased by Cramer’s words and the quantum security discussion, trading at $63,720 at press time after a 1.65% daily uptick.
Bitcoin price August 4. Source: Finbold
Jim Cramer can’t decide what to do with Bitcoin – again
The CNBC host has a history with Bitcoin going back more or less a decade. In December 2017, as Bitcoin approached $20,000 for the first time, he dismissed it as ‘Monopoly money’ and compared buying the cryptocurrency to gambling rather than investing.
In late 2020, however, he claimed to have purchased Bitcoin around the $10,000 level and later increased his position. Nonetheless, his optimism did not last, as he reportedly sold most of it in summer 2021 following China’s crackdown on Bitcoin mining.
Ahead of the launch of U.S. spot Bitcoin ETFs in January 2024, Cramer warned of a correction. While the asset did briefly dip toward $40,000, it soon rebounded sharply, surging to a then-all-time-high above $70,000.
His stance shifted again in early 2025, when he described Bitcoin as ‘a great thing to have in a portfolio’ and encouraged investors to own the asset directly instead of gaining exposure through firms like Michael Saylor’s Strategy (NASDAQ: MSTR).
In July 2026, however, Cramer turned bearish once more, calling Bitcoin and gold ‘bad money’ as investors rotated into high-growth companies such as SpaceX (NASDAQ: SPCX).
Featured image via Shutterstock
