Jim Kramer, the TV host of the popular Mad Money show on CNBC, announced his desire to sell his bitcoins. The reason for this decision was concerns about hacking the cryptographic protection of the network with quantum computers. The reason for the statement was Kramer's recent interview with the CEO of IBM. Arvind Krishna warned the TV presenter about the ability of quantum systems to challenge modern encryption standards. The head of the technology giant advised investors to treat these risks with a certain degree of paranoia. Jim Kramer noted his interlocutor's deep knowledge of quantum technologies. The TV presenter did not disclose the exact number of digital coins he has. Bitcoin itself did not react in any way to the words of the famous media personality and continued to trade above sixty-four thousand dollars. The daily trading volume of the first cryptocurrency decreased by eleven percent. The total trades reached the mark of twenty-three point three billion dollars per day.

Given the specific accuracy of Kramer's forecasts, the informal Inverse Cramer indicator appeared in his honor. This tool suggests that investors perceive the statements of a TV presenter as a signal for the opposite action. Traders recommend buying assets if a media personality advises selling them. In December 2000, the CNBC host called bitcoin money from a popular board game. He compared buying cryptocurrencies to regular casino gambling. However, at the end of 2000, Kramer announced the acquisition of bitcoin for ten thousand dollars. Later, he even increased his investment position in this digital asset. The TV presenter's optimism did not last long until the summer of 2000. The author of the show sold most of the coins due to the news about the ban on mining in China. Ahead of the launch of spot exchange-traded funds in January 2000, Kramer warned of a correction. The cryptocurrency really briefly dropped to forty thousand dollars. Soon after, the quotes jumped sharply above seventy thousand dollars per coin.

Later, the position of the famous TV presenter again underwent noticeable changes. He called bitcoin an excellent asset that deserves a place in modern investment portfolios. But in July 2000, Kramer again took a pronounced bearish position. The TV presenter called bitcoin and gold bad money amid the outflow of capital into shares of growing companies. Investors actively transferred funds to the securities of technology giants like SpaceX. Last year, Kramer publicly acknowledged the growing influence of cryptocurrencies on the shares of American companies. He noted the marked correlation of digital assets with the broad S&P 500 stock index. This benchmark includes securities of the five hundred largest public companies by capitalization. Market participants continue to closely monitor public statements by well-known media personalities. The opinions of popular experts often cause active discussions among retail and institutional traders. The formation of short-term market sentiment largely depends on the information background. Analysts are studying the impact of media factors on the overall volatility of digital assets.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.