Jim Cramer Sells Bitcoin Over Quantum Fears

CNBC host Jim Cramer announced live on air that he is selling his Bitcoin. His decision came right after an interview with IBM CEO Arvind Krishna. Cramer asked the IBM boss if future quantum computers could break the cryptography that secures digital assets.

The host decided to cash out following the chat, prompting a massive wave of jokes across social media. Crypto Twitter reacted with pure joy because of the famous inverse Cramer effect, where his financial predictions often turn out completely wrong.

Traders and enthusiasts are now watching the market closely to see if his exit triggers a price rally. While quantum computing remains a theoretical threat to current encryption standards years down the road, traders are mostly just enjoying the ongoing internet joke.