The decision was prompted by a recent interview between Kramer and Arvind Krishna, CEO of the technology company IBM, who warned the host that quantum computers could challenge current encryption standards. Krishna advised investors to approach these risks with paranoia.
«Arvind Krishna has an incredible understanding of quantum technologies… He knows Bitcoin and quantum computing. That’s why I’m going to sell my Bitcoin,» said Kramer, though he did not disclose the amount of coins he holds.
Bitcoin itself didn’t notice Kramer’s words and remained trading above $64,000. The daily trading volume of the top cryptocurrency dropped 11% to $23.3 billion. Given that Kramer’s predictions rarely come true, an informal Bitcoin indicator called the Inverse Cramer has emerged in his honor. The indicator suggests investors treat the TV host’s statements as a signal to take the opposite action—buy when he advises selling, and sell when he advises buying.
In December 2017, when Bitcoin first approached $20,000, a leading CNBC host called it “Monopoly money” and compared buying cryptocurrency to gambling. However, by the end of 2020, Cramer stated that he had bought Bitcoin at $10,000 and later increased his position. Yet his optimism about Bitcoin was short-lived: in the summer of 2021, the host of Mad Money sold most of his coins due to China’s ban on Bitcoin mining.
Ahead of the January 2024 U.S. launch of spot Bitcoin ETFs, Cramer warned of a possible correction. The cryptocurrency did briefly dip to $40,000, but soon surged above $70,000. Later, Cramer changed his stance again—he called Bitcoin an excellent asset worthy of inclusion in investment portfolios. Yet in July 2026, he reverted to a bearish position, labeling Bitcoin and gold as “bad money,” amid investor capital flowing out of these assets and into stocks of fast-growing companies like SpaceX.
Last year, Kramer acknowledged that cryptocurrencies have increasingly influenced the stocks of U.S. companies, particularly the S&P 500 index, which includes shares of the 500 largest publicly traded companies by market capitalization.