Here’s how much Bitcoin is up since Jim Cramer said he’d ‘sell’

Bitcoin (BTC) might have become the latest victim of the Jim Cramer effect by August 6, 2026, though cryptocurrency traders might find themselves celebrating this particular manifestation of the trend.

Specifically, the former hedge fund manager and TV host revealed on August 2 that he intends to sell his BTC position. On the day, Bitcoin fell to lows near $62,250, though the information became public when the world’s premier cryptocurrency was changing hands close to $63,900.

At press time on Thursday, the digital asset is at $64,757, meaning it had risen by $2,500 since the day Jim Cramer stated his intention to sell and roughly $800 since the hour the supposed decision became known.

Bitcoin price 5-day chart. Source: Google

Crucially, the former hedge fund manager’s reported choice was driven by a late July IBM (NYSE: IBM) interview which reinforced his concerns over BTC security in the era of quantum computing. The danger is, however, allegedly not expected to truly manifest for another three-odd years.

“Arvind Krishna knows quantum incredibly … He knows Bitcoin and quantum. And I’m going to sell mine,” Jim Cramer remarked.

What is the ‘Inverse Cramer’ effect

Meanwhile, the TV host’s reputation would imply that the most recent Bitcoin price rise is merely the beginning and that the cryptocurrency might be poised for one of the strongest rallies of 2026.

Indeed, Jim Cramer gained significant popularity online for apparently being spectacularly wrong about the future of various assets – in a nutshell, if he is bullish, the price will crash, and if he is bearish, the value will soar.

The observation led to a so-called ‘Inverse Cramer strategy’ that seeks to do the opposite of the former hedge fund manager’s recommendations. Notably, however, a closer examination of his track record indicates that the entire online joke might be an example of bias.

Overall, Jim Cramer is not generally wrong more often than his peers but has made multiple – though occasional – remarks that rapidly proved spectacularly ill-advised, leading to the proliferation of the joke.

Furthermore, the 2026 performance of one of the portfolios based on the ‘Inverse Cramer’ theory – the one run by the popular platform best known for tracking U.S. politicians’ trades, Quiver Quantitative – reinforces the idea that the online meme is little more than a joke.

Year-to-date (YTD), the strategy is up 2.49%: a far cry from what one might expect if betting against Jim Cramer was a savvy move, especially given that the benchmark S&P500 stock market index is up 12.61% within the same timeframe. 

‘Inverse Cramer’ strategy YTD performance. Source: Quiver Quantitative

Why Bitcoin is likely to soar before the end of 2026 even without the ‘Inverse Cramer’

Elsewhere, Bitcoin might indeed soon see a trend reversal. The first potential opportunity for a stronger rally might come before the end of the week should the hoped-for CLARITY Act vote occur.

The legal framework is seen as so important that some analysts predicted BTC could soar above $600,000 within two years should it pass.

Simultaneously, even without the Congressional tailwind, the world’s premier cryptocurrency is expected to find its cycle bottom in early October given that it has so far generally followed its historical trajectory and that the 26.07% YTD drop raised the odds of buying pressure decisively overcoming sellers before the year is over.

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