In brief
- Jim Cramer says he is selling his Bitcoin after IBM CEO Arvind Krishna told him to get “paranoid” about crypto’s cryptography within three or four years.
- The warning follows a July 30 IBM and University of Chicago demonstration of verified quantum advantage.
- Traders invoked the “Inverse Cramer” trade, a pattern so established that a fund once existed purely to bet against his picks.
CNBC host and long-time crypto critic Jim Cramer is out on Bitcoin—again. This time it’s over fears of the coming quantum computing threat, and it sounds like he might be out for good. Which is music to the ears of Bitcoin investors everywhere who prefer to be on the opposite side of the “Cramer trade.”
“Should I be more careful?” Cramer asked late…
