Inverse Cramer Strikes Again as Jim Tells Caller to Buy the Bitcoin He Sold

Jim Cramer said he sold his entire Bitcoin (BTC) position over quantum computing fears less than a month ago, then turned around and told a caller on the latest episode of Mad Money to buy the same asset.

The reversal has traders once again invoking "Inverse Cramer," the running theory that fading the CNBC host's calls beats following them.

The Sale

Cramer's exit traces back to a July 31 Mad Money interview with IBM Chairman and CEO Arvind Krishna, who warned that quantum computers could eventually crack the cryptography protecting Bitcoin.

"I think that you should give yourself three or four years, and at that point, I would get rather paranoid about it."

Arvind Krishna, IBM chief executive, on the quantum timeline.

Days later, Cramer said on air that he would sell his Bitcoin. No wallet address, filing, or position size has confirmed the trade actually happened though.

Then a Caller Asks

On a later episode, a viewer named Sanjay called into the show's lightning round asking about Bitmine Immersion Technologies (BMNR), an Ethereum treasury stock he had bought before. Cramer waved him off the derivative play entirely, telling him to skip it and buy Bitcoin directly instead, warning that crypto-linked derivatives carry too much risk.

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