{"id":60286,"date":"2026-01-23T10:02:34","date_gmt":"2026-01-23T03:02:34","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoiners-reject-quantum-computing-fears-as-cause-of-price-slump\/"},"modified":"2026-01-23T10:02:34","modified_gmt":"2026-01-23T03:02:34","slug":"bitcoiners-reject-quantum-computing-fears-as-cause-of-price-slump","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoiners-reject-quantum-computing-fears-as-cause-of-price-slump\/","title":{"rendered":"Bitcoiners reject quantum computing fears as cause of price slump"},"content":{"rendered":"
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Bitcoin backers have minimized claims that fears around quantum computing being a threat to the cryptocurrency sooner than expected are dragging on its price. <\/p>\n

Glassnode lead analyst James Check said<\/a> in an X post on Thursday that linking Bitcoin\u2019s price to quantum computing fears \u201cis akin to blaming market manipulation for red candles, and declining exchange balances for green ones.\u201d\u00a0<\/p>\n

Check argued that while quantum computing may be \u201ckeeping some capital away\u201d from Bitcoin (BTC<\/a>), the weakness in Bitcoin\u2019s price performance has been driven far more by heavy selling from long-term holders.\u00a0<\/p>\n

\u201cBitcoin saw sell-side from HODLers in 2025, which would have killed every prior bull thrice over, and then once more,\u201d Check said.<\/p>\n

TradFi worries over quantum threat<\/h2>\n

Quantum computing uses quantum bits<\/a>, or qubits, to process information in a way that\u2019s fundamentally different from traditional computers. Crypto developers have debated whether it could pose a threat to some of the cryptographic methods used to secure blockchains.<\/p>\n

The topic has been discussed for several years, but has gained recent attention as some traditional finance executives have voiced concerns about what recent advances in quantum computing could mean for Bitcoin\u2019s long-term price performance.<\/p>\n

Jefferies strategist Christopher Wood removed Bitcoin from his \u201cGreed & Fear\u201d model portfolio last week, citing concerns that new advances in quantum computing<\/a> could undermine the cryptocurrency\u2019s long-term security.<\/p>\n

Source: <\/em>Smiffy Big Coin<\/em><\/a><\/figcaption><\/figure>\n

Bitcoin author Vijay Boyapati said<\/a> he was \u201chighly skeptical the price action in BTC is explained by QC [quantum computing], notwithstanding there may be some investment notes that have picked up that narrative.\u201d<\/p>\n

However, other Bitcoiners are more certain that it is the primary catalyst for Bitcoin\u2019s price action. Castle Island Ventures partner Nic Carter said<\/a> on Wednesday that Bitcoin’s \u201cmysterious\u201d underperformance is \u201cdue to quantum\u201d and is \u201cthe only story that matters this year.\u201d<\/p>\n