Yes — the timing is striking. Jim Cramer said in early August that he planned to sell his Bitcoin because of concerns about quantum-computing risk.
Since then, BTC has risen substantially, and it is currently around $86,000.
One important correction: there is no independent confirmation that Cramer actually completed the sale—his wallet or transaction was not publicly verified.
So the “Inverse Cramer” joke has certainly aged well in this particular episode, but the Bitcoin move itself has also been associated with factors such as spot-Bitcoin ETF inflows, short liquidations, and recent U.S. crypto-regulatory developments, rather than being attributable to Cramer alone. $BTC
Since then, BTC has risen substantially, and it is currently around $86,000.
One important correction: there is no independent confirmation that Cramer actually completed the sale—his wallet or transaction was not publicly verified.
So the “Inverse Cramer” joke has certainly aged well in this particular episode, but the Bitcoin move itself has also been associated with factors such as spot-Bitcoin ETF inflows, short liquidations, and recent U.S. crypto-regulatory developments, rather than being attributable to Cramer alone. $BTC