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Bitcoin rises 1.6% despite Jim Cramer's plan to sell over quantum computing fears

Market News
04 Aug 2026
Crypto news
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Neutral
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Bitcoin's price rose about 1.6% to near $63,700 after CNBC's Jim Cramer announced plans to sell his holdings due to concerns about future quantum computing threats to cryptocurrency security. IBM CEO Arvind Krishna warned that quantum computers could pose risks to Bitcoin within three to four years, though current quantum technology is not yet capable of breaking Bitcoin's cryptography. Despite Cramer's warning and weak market liquidity, Bitcoin remains supported above $60,000 with resistance near $65,000 to $67,000. The market awaits clearer signs of recovery or further quantum-related developments, while Bitcoin companies are beginning to prepare for post-quantum security measures.

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