Cramer Sells Bitcoin Over Quantum Computing Fears

Jim Cramer, host of CNBC's 'Mad Money', has announced he will sell all his Bitcoin due to concerns about quantum computing. He made this statement on a recent episode of Mad Money, referencing comments made by IBM Chairman and CEO Arvind Krishna the day before.

In an interview with CNBC, Krishna warned that Cramer should be 'paranoid' about the threat of quantum computing to cryptocurrencies over the next three to four years. Cramer took this warning seriously and stated, 'I'm going to sell mine.'

This news was met with both enthusiasm and skepticism from investors. Some welcomed the opportunity to buy Bitcoin at a potentially lower price, while others questioned the validity of Cramer's concerns.

Large investors are also trimming their holdings as market liquidity thins. Whale wallet 'bc1qpt' moved its entire 16,400 Bitcoin, worth about $1 billion, to a new address after seven months of inactivity.