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.
[Update, August 4, 1:43 pm UTC: Adds comments from Bitfinex analysts beginning in 15th paragraph.]
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.