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Jim Cramer Just Sold His Bitcoin And Bulls Couldn't Be Happier
Looks like $100,000 bitcoin may be on deck, because Cramer is selling.
The ultimate inverse indicator Jim Cramer says he is selling all of his bitcoin, warning that rapid advances in quantum computing could threaten the cryptocurrency’s security within the next three to four years, according to Cointelegraph and Coindesk.
The CNBC host made the decision after interviewing IBM CEO Arvind Krishna, who urged investors to be "paranoid" about the potential impact of quantum computers on modern cryptography. Cramer said the conversation convinced him it was time to exit his bitcoin position.
Crypto traders, however, largely shrugged off the warning. Instead, many celebrated the announcement, reviving the long-running "inverse Cramer" meme, which jokingly treats his bearish calls as bullish signals. "If Cramer is selling, it's time to start buying," one trader wrote on X.
Bitcoin barely reacted, continuing to trade around $64,000 despite Cramer's comments, a recent Coldcard security incident, and signs that large bitcoin holders have begun moving or selling coins as overall crypto trading volumes decline.
The quantum computing debate itself remains unsettled. Some analysts believe bitcoin may need to transition to quantum-resistant cryptography within the next several years, while others argue practical quantum computers capable of breaking Bitcoin's encryption are still decades away. Even if such a breakthrough occurs, experts note it would threaten far more than cryptocurrencies, potentially disrupting banks, governments, and nearly every digital system that relies on modern encryption.
Cramer's latest warning also comes with plenty of historical baggage. The television personality has become famous for making high-profile market calls that later proved spectacularly wrong, from recommending Silicon Valley Bank shortly before its collapse to repeatedly changing his stance on bitcoin over the years.
That track record has turned "inverse Cramer" into one of Wall Street's favorite running jokes, with many investors instinctively betting against his latest prediction rather than following it.
Tyler Durden Wed, 08/05/2026 - 17:20Alleged incident inside LA Fitness sparks wild lawsuit: ‘Total shock and worsening pain’
Meghan Markle’s royal birthday snub, Martha Stewart critiques her lifestyle brand | Royals Recap
Meghan Markle’s royal birthday snub, Martha Stewart critiques her lifestyle brand | Royals Recap
DHS Confirms Over 3 Million Total Deportations, Highlights Arrests Of Five More "Worst Of The Worst" Criminal Illegals
Authored by Debra Heine via American Greatness,
US Immigration and Customs Enforcement (ICE) on Monday arrested five more “worst of the worst” criminal illegal aliens convicted for heinous crimes, including voluntary manslaughter, criminal indecent exposure, aggravated assault, and fentanyl trafficking.
According to the Department of Homeland Security (DHS), more than three million illegal aliens have left the United States due to the Trump administration’s immigration crackdown: 2.2 million self-deportations, and over 985,000 deported by DHS.
Each of the five violent criminals highlighted by DHS Tuesday were arrested in deep blue sanctuary cities where anti-ICE agitators continue to harass immigration officers.
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Fernando Ruiz-Maldonado, a criminal illegal alien from Mexico, convicted for voluntary manslaughter in Los Angeles, California.
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Sergio Loya-Lozano, a criminal illegal alien from Mexico, convicted for criminal indecent exposure, hit-and-run, and TWO counts of driving under the influence in San Jose, California.
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Olman Josue Pineda-Jimenez, a criminal illegal alien from Honduras, convicted for aggravated assault and harassing communications in Charlotte, North Carolina.
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Heriberto Hernandez-Sosa, a criminal illegal alien from the Dominican Republic, convicted for fentanyl trafficking in Worcester, Massachusetts.
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Jose Manuel Pertuz-Pena, a criminal illegal alien from Venezuela, convicted for aggravated unlawful use of a weapon in Cook County, Illinois.
Immigration agents continue to carry out their law enforcement duties in blue sanctuary enclaves despite the left’s relentless coordinated campaigns of violence against them.
According to DHS, immigration officers have experienced a 1,300+ percent increase in assaults against them, a 3,300 percent increase in vehicular attacks, and an 8,000 percent increase in death threats.
“Every single day, we are REMOVING criminals from American communities. Just yesterday, ICE arrested murderers, sexual predators, violent assailants, drug traffickers, and other dangerous criminal illegal aliens,” said DHS Secretary Markwayne Mullin.
“Under the Trump Administration, the Department of Homeland Security is enforcing the law, deporting criminal illegal aliens, and defending the homeland. It’s no wonder crime rates have reached historic lows.”
DHS has listed over 40,000 illegal alien criminals on their Worst of the Worst (WOW) website which tracks ICE arrests of murderers, rapists, pedophiles, violent gangbangers and arsonists.
A DHS spokesperson told American Greatness Tuesday that over 985,000 illegal aliens have been deported since President Trump took office. An additional 2.2 million have self-deported.
“In President Trump’s first year back in office, more than 3 million illegal aliens have left the U.S. because of the Trump administration’s crackdown on illegal immigration including an estimated 2.2 million self-deportations,” the spokesman said via email.
“As of July 12, we have now deported over 985,000 illegal aliens and arrested over 1 million illegal aliens.”
Tyler Durden Wed, 08/05/2026 - 17:00Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates
Sandisk was one of the largest public holdings of the hedge fund of 24-year-old former wunderkind, Leopold Aschenbrenner, and its July collapse from $2300 to $1000 was chief the main reasons why the former OpenAI employee had to liquidate his extremely overlevered hedge fund and sell all positions at a 10% discount to Citadel to meet a volley of endless margin calls.
Well, if he has some dry powder left he just may be able to repurchase some or all of his portfolio from Ken Griffen following the plunge of Sandisk after hours (we jest, of course), not because earnings were weak - they beat solidly - but because the company's revenue guidance was very disappointing... and for a stock like SNDK which is priced to perfection beyond 2030 on the assumption that nobody else can produce the biggest commodity product in electronics - memory chips - the guidance was rather dismal.
Here is what SNDK reported for fiscal Q4:
- EPS $39.25 vs Est. $34.37
- Revenue $8.97BN vs Est. $8.64BN
- Data Center Revenue $3.0B vs Est. $2.6B
- Operating Income $7.0B vs Est. $6.4B
- Adjusted gross margin 84.6%, estimate 81.5%
- Free cash flow $7.08 billion
And while historical were fine, it was the company's Q1 guidance that sent its stock tumbling after hours:
- Sees revenue $10.30 billion to $10.80 billion, far below the median estimate of $11.16 billion
- Sees adjusted EPS $44.00 to $46.00, a midline also below the estimate $45.58
Commenting on the results, SNDK said that "as the cloud and other data-intensive workloads continue to expand, we remain confident in the long-term growth trajectory of our business, further margin expansion, and strong free cash flow generation."
Perhaps, although one look at prevailing NAND prices indicates that the peak is now well in the rearview mirror...
... and the market agrees with the stock, which surged about 40% in the past few days since the Citadel takeover of the Situational Awareness hedge fund, sliding and back to about half of its all time high hit in early June.
Tyler Durden Wed, 08/05/2026 - 16:45