Jim Cramer says he's selling all his Bitcoin. The CNBC host cited the threat from quantum computers, pointing to IBM CEO Arvind Krishna's warning to be paranoid within 3-4 years. Cramer previously claimed to have dumped all his crypto in December 2022 when Bitcoin was near $16,797 — since then, the price has climbed about 259%.
Why quantum computing spooks Cramer
Cramer's shift isn't new — he's been vocal about crypto risks before. But this time it's quantum. He referenced Krishna's call for paranoia, suggesting that quantum machines could eventually break the cryptographic foundations of Bitcoin. The timeline? Three to four years, according to the IBM chief. Cramer didn't specify when he'd execute the sales, but the plan is clear: exit entirely.
Tom Lee's coiled spring for stocks
While Cramer flees crypto, Tom Lee is piling into equities. The Fundstrat co-founder expects 2027 to be a banner year for stocks, citing a 'coiled spring' effect as profit forecasts rose while share prices did not. He set a year-end S&P 500 target of 8,000 — raised from 7,700 on June 24 — and sees the index reaching 7,800 in August. Lee also expects inflation to cool, thanks to falling house prices and slow wage growth, helped by new Fed Chair Kevin Warsh, who took office on May 22.
Amazon and SpaceX in focus
Amazon posted a strong quarter, with cloud revenue up 37% to $42.23 billion. Analysts raised price targets to $400. Cramer himself recommends buying Amazon on any dip. Meanwhile, SpaceX faces lock-up selling pressure starting August 6, with 20-30% of locked shares becoming eligible, potentially reaching 44% by September. That could weigh on the private market valuation.
Bitcoin price context
Bitcoin traded near $63,873 at the time of writing, up 0.9% in a day. The market has been choppy, with July's stock drop tied to the forced liquidation of the Situational Awareness fund, which shrank from about $45 billion to $10 billion after heavy borrowing on AI stocks. Cramer's sell-off plan adds another layer of uncertainty — though his past timing hasn't been great.
