Bitcoin backers have minimized claims that fears round quantum computing being a menace to the cryptocurrency earlier than anticipated are dragging on its value.
Glassnode lead analyst James Test stated in an X submit on Thursday that linking Bitcoin’s value to quantum computing fears “is akin to blaming market manipulation for purple candles, and declining alternate balances for inexperienced ones.”
Test argued that whereas quantum computing could also be “holding some capital away” from Bitcoin (BTC), the weak point in Bitcoin’s value efficiency has been pushed way more by heavy promoting from long-term holders.
“Bitcoin noticed sell-side from HODLers in 2025, which might have killed each prior bull thrice over, after which as soon as extra,” Test stated.
TradFi worries over quantum menace
Quantum computing makes use of quantum bits, or qubits, to course of info in a manner that’s essentially totally different from conventional computer systems. Crypto builders have debated whether or not it may pose a menace to a number of the cryptographic strategies used to safe blockchains.
The subject has been mentioned for a number of years, however has gained current consideration as some conventional finance executives have voiced issues about what current advances in quantum computing may imply for Bitcoin’s long-term value efficiency.
Jefferies strategist Christopher Wooden eliminated Bitcoin from his “Greed & Concern” mannequin portfolio final week, citing issues that new advances in quantum computing may undermine the cryptocurrency’s long-term safety.
Bitcoin writer Vijay Boyapati stated he was “extremely skeptical the value motion in BTC is defined by QC [quantum computing], however there could also be some funding notes which have picked up that narrative.”
Nonetheless, different Bitcoiners are extra sure that it’s the major catalyst for Bitcoin’s value motion. Citadel Island Ventures accomplice Nic Carter stated on Wednesday that Bitcoin’s “mysterious” underperformance is “as a result of quantum” and is “the one story that issues this yr.”
“The market is talking and the devs aren’t listening,” Carter stated.
Actual Imaginative and prescient chief crypto researcher Jamie Coutts stated on Wednesday that “quantum danger doesn’t transfer with value, however the hole does.”
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“As Bitcoin’s value rises, confidence rises — and the willingness to push by disruptive, precautionary upgrades falls. The system feels most secure precisely when it’s least incentivised to arrange,” Coutts stated.
Regardless of bullish forecasts, Bitcoin ended 2025 round 6.33% decrease than it began the yr, dropping from $93,425 to $87,508.
Some had predicted Bitcoin would attain highs of $250,000, however the cryptocurrency reached a peak of above $126,000 in October.
Bitcoin has traded flat over the previous day at round $89,500, in line with CoinMarketCap.
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