🥛 Rejoice! Cramer sold BTC 🎉

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JIM CRAMER IS SELLING HIS BITCOIN OVER QUANTUM COMPUTERS 🔐

On August 3, Jim Cramer told CNBC viewers he's selling every last one of his Bitcoin.

His reasoning: quantum computers will crack it within about three years.

He'd interviewed IBM CEO Arvind Krishna a few days before that, who said investors should be "paranoid" about quantum computers breaking modern cryptography in 3-4 years.

Obviously, Jim Cramer’s track record tells us he’s not someone we should be taking all that seriously (Inverse Cramer exists for a reason)…

That said, enough PRO members asked about the story that John Gillen (our crypto analyst) decided to write a tidy little breakdown on ‘the quantum threat.’

His advice, in short: pay attention to it, but don't freak out about it.

The actual threat looks like this…

Your wallet has a private key (your secret password), and that key generates your public key (the identifier everyone else can see).

On a normal computer, following the breadcrumbs to reverse engineer a user’s private key from their public key would take billions of years.

But a big enough quantum computer running something called Shor's algorithm could do that reversal in minutes.