"Mad Money" host Jim Cramer plans to sell all Bitcoin holdings due to concerns about the threat of quantum computing, but the crypto community remains unaffected by his reputation as a reverse indicator, with Bitcoin prices still stable at around $64,000.
Jim Cramer stated that IBM Chairman and CEO Arvind Krishna once pointed out that quantum computers might challenge modern cryptography within three to four years, which prompted Cramer to decide to liquidate his Bitcoin holdings. However, the crypto community reacted positively to this, with many seeing it as a "buy signal," as Cramer's prediction record in the cryptocurrency and banking sectors is often considered a contrarian indicator. Despite Cramer's remarks, the recent Coldcard hack, and rising bond yields, Bitcoin prices have remained around $64,000.
Source:CoinDesk · Source Link
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