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Jim Cramer says he will liquidate his entire Bitcoin holdings, expressing concerns that quantum computing could threaten Bitcoin’s security within three years.

2026.08.04 09:15:26

Former hedge fund manager and CNBC host Jim Cramer said he plans to sell all his Bitcoin holdings over concerns that quantum computing could threaten BTC’s security. His comments stemmed from an interview with IBM Chairman and CEO Arvind Krishna, who warned investors to watch for quantum computing’s challenge to modern cryptography in the next 3 to 4 years. Cramer believes quantum computing could pose a threat to the Bitcoin network around the same timeframe. However, no independent confirmation has been made of how much BTC Cramer holds, or whether he has already completed the sale. Following his remarks, Bitcoin continued trading normally near $63,764, with some market participants once again viewing his comments as a "reverse Cramer" signal. Bitcoin uses the ECDSA signature scheme based on the secp256k1 curve; in theory, a sufficiently powerful quantum computer could use Shor’s algorithm to derive private keys from public keys. The risk is concentrated primarily on addresses with exposed public keys, including reused addresses, early wallet formats, and the short time window after a transaction is broadcast before confirmation. Researchers estimate that roughly 6 million to 7 million BTC, or about 30% of the total supply, fall into this category. Google Quantum AI estimated in March this year that cracking the relevant cryptographic mechanisms could require fewer than 500,000 physical qubits, a roughly 20-fold reduction from prior projections. However, current quantum systems typically only have hundreds to thousands of physical qubits, with far fewer logical qubits that offer higher reliability. Most researchers expect that a quantum computer capable of breaking cryptographic codes will likely not emerge until the 2030s or even the 2040s, making Cramer’s 3-year timeline far earlier than most technical projections.

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NVIDIA CEO Jensen Huang is discussing plans to return to the company with his allies, while Silicon Valley executives plan to form a "war room" to lobby the firm's board of directors.

According to a report by the Financial Times, Jensen Huang, former CEO of NVIDIA, is discussing the possibility of returning to the company’s management with close associates. Multiple Silicon Valley tech figures are pushing NVIDIA’s board to reappoint Huang, and plan to form a “war room” to secure support from tech industry executives and the White House. Tesla and SpaceX CEO Elon Musk and Epic Games CEO Tim Sweeney have publicly backed a joint letter calling on NVIDIA’s board to “bring Jensen Huang back.” Some NVIDIA employees have also publicly voiced their support for Huang. However, Huang’s return faces resistance. U.S. Treasury Secretary Scott Bessent called on NVIDIA on Sunday to make “significant leadership changes.” Meanwhile, NVIDIA’s board is conducting an independent investigation into the actions that triggered the management crisis, and the company is currently led by interim CEO Colette Kress. Huang stepped down earlier after being exposed for having an extramarital affair with Alice Huang, an executive at Singapore-based chip firm Megaspeed who is suspected of being a spy. The incident also raised external questions about NVIDIA’s compliance review mechanisms when selling AI chips to Asian clients. In addition, NVIDIA’s board previously reached out to Arm CEO Rene Haas to discuss the possibility of his taking over, but the board stated that it has not yet launched a formal selection process. NVIDIA’s two major shareholders, Brad Gerstner, founder of Altimeter Capital, and Gavin Baker, head of Atreides Management, also previously sent a joint letter to the board, calling for Huang’s return to be considered.

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Monday price preview for US and South Korean stock markets: SK Hynix is projected to open down approximately 3.8%, with most US stocks trading lower in pre-market hours.

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