Bitcoin Rises More Than 38% Since Jim Cramer Raised Quantum Computing Concerns

Bitcoin has risen more than 38% since television host and market commentator Jim Cramer said he planned to sell his Bitcoin over concerns about quantum computing, according to Coin Bureau.

Coin Bureau highlighted the price move in a post on X, noting that Cramer made the comments on August 4, when Bitcoin was trading at around $62,300. Bitcoin has since climbed to $86,000, representing a gain of more than 38% from the level cited in the post.

Cramer Cited Quantum Computing Risks

Cramer said on August 4 that he was going to sell his Bitcoin because of concerns surrounding quantum computing. His comments focused on the potential risks that advances in quantum technology could pose to Bitcoin.

At the time of the remarks, Bitcoin was around $62,300, according to the figures cited by Coin Bureau. The cryptocurrency subsequently moved significantly higher, reaching $86,000.

The price difference between the two levels represents a gain of approximately 38%, making the move the central focus of Coin Bureau's post.

Bitcoin's Move Draws Attention to Cramer's Call

Coin Bureau framed the price increase through the long-running "Inverse Cramer" meme, a market narrative suggesting that investments or markets calls associated with Cramer have sometimes been followed by moves in the opposite direction.

Coin Bureau concluded its post with the phrase "Inverse Cramer never misses!" The statement is a characterization of the price move rather than evidence that Cramer's comments caused Bitcoin's subsequent increase.

There is no indication in the source material that Bitcoin's rise to $86,000 was caused by Cramer's remarks. The figures instead establish a comparison between Bitcoin's price when the comments were made and its later level.

Quantum Computing Remains Part of Bitcoin's Security Debate

Cramer's stated concern relates to a broader financial technical question surrounding the long-term security of cryptographic systems as quantum computing develops. However, the source post does not provide additional technical evidence or a specific timetable for when quantum computing could affect Bitcoin.

The reported price move therefore represents a market development that occurred after Cramer's August 4 comments, rather than proof of a relationship between the comments and Bitcoin's subsequent performance.

Coin Bureau's comparison leaves the key figures unchanged: Bitcoin was around $62,300 when Cramer said he planned to sell over quantum-related concerns and later reached $86,000, a gain of more than 38%.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.