Why Jim Cramer’s quantum panic isn’t rattling bitcoin as price holds steady around $64,000
Jim Cramer says he’s dumping his bitcoin over quantum computing fears, but his track record of crypto and bank calls has buoyed the crypto community.
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Summary
- Jim Cramer says he plans to sell all of his bitcoin, citing fears that advances in quantum computing could undermine cryptocurrency security within three to four years.
- Many crypto traders are cheering Cramer’s planned exit, treating it as a bullish signal given his predictions record of high profile misses.
- Bitcoin has held near $64,000 despite Cramer’s warning, a Coldcard hardware wallet hack, rising bond yields and sales by major corporate holder Strategy.
