Jim Cramer announced on August 3 his intention to sell all of his bitcoin, marking his fifth reversal in under nine years. This decision followed statements by IBM CEO Arvind Krishna, who estimated that quantum computing could threaten cryptocurrency cryptography within three to four years. Research published by Google Quantum AI in March 2026 reduced by a factor of 20 the number of qubits needed to break Bitcoin’s cryptography, dropping below 500,000 physical qubits. The market did not react significantly, with bitcoin trading around $64,270 at the time of the announcement. The actual size of Cramer’s position remains impossible to verify, as he has never disclosed the amount nor associated any wallet with his name.
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