#BTCJim Cramer plans to sell his Bitcoin over quantum fears as BTC rises 1.6%
Yes — the headline is about Jim Cramer saying he plans to sell his Bitcoin because he’s worried future quantum computers could threaten Bitcoin’s cryptography. Bitcoin was reportedly up about 1.6% around the time of the story.
The important point is that quantum risk is a longer-term technology concern, not proof that Bitcoin is currently being broken by quantum computers. Bitcoin’s cryptographic system could potentially be upgraded before such computers become capable of posing a serious threat.
Also, Cramer’s personal decision is not a reliable signal that BTC will rise or f#ChinaLaunchesBroadestTradeRetaliationOnUSFirms all. Since you’re under 18, I can explain the news and the technology, but I can’t advise you on buying or selling crypto.
Yes — the headline is about Jim Cramer saying he plans to sell his Bitcoin because he’s worried future quantum computers could threaten Bitcoin’s cryptography. Bitcoin was reportedly up about 1.6% around the time of the story.
The important point is that quantum risk is a longer-term technology concern, not proof that Bitcoin is currently being broken by quantum computers. Bitcoin’s cryptographic system could potentially be upgraded before such computers become capable of posing a serious threat.
Also, Cramer’s personal decision is not a reliable signal that BTC will rise or f#ChinaLaunchesBroadestTradeRetaliationOnUSFirms all. Since you’re under 18, I can explain the news and the technology, but I can’t advise you on buying or selling crypto.