Bitcoin Price Has Risen 37% Since Jim Cramer Said Sell BTC Last Month

What happened

Bitcoin rose as much as 37% after Jim Cramer told CNBC viewers on Aug. 3 that he was selling his bitcoin, citing fears about quantum computing. His concern reportedly began July 30, when he asked IBM's CEO whether quantum computers could threaten bitcoin.

Confirmed

Global impact / market context

The jump shows that a prominent television commentator's sell call did not predict bitcoin's direction, which matters because investors often treat such calls as signals. It also highlights how quantum computing fears, which means worries that future machines could break bitcoin's security, can move holders.

Analyst inference

This is a striking reversal because Cramer sold near a low, then bitcoin climbed 37%, which means his timing was poor. That gap can shape investor positioning, as followers who sold may have missed gains while others treat his calls as contrarian indicators.

Analyst inference

What to watch

1. Whether IBM's CEO answered Cramer's July 30 question about quantum computers threatening bitcoin, and what that answer was, since the article does not include it. Confirmed
2. Investors could track whether Cramer publicly revisits his bitcoin sell call or quantum computing concern, because another comment may influence holders who follow his television appearances. Proposed
3. Watch whether bitcoin keeps rising or reverses from here, since the 37% gain may attract buyers or prompt profit-taking, changing how much cash investors keep in bitcoin. Analyst inference

Affected assets

• BTC — Bitcoin
• JIM — Jim

Evidence

• news.bitcoin.com