Quantum Panic Didn’t Crash Bitcoin—So What Did? Grayscale Reveals the Real Trigger

Grayscale Research head Zach Pandl argues that the recent slide in Bitcoin's price is not due to quantum computing fears, but rather a general de-risking from frontier tech assets. Pandl points to the fact that public quantum computing stocks have fallen in lockstep with Bitcoin, which contradicts the idea of a new quantum threat impacting the network. Instead, he attributes the decline to concerns over artificial intelligence disruption and tighter macroeconomic conditions. Grayscale maintains that Bitcoin's role as a store of value remains intact and that its price action will continue to reflect investor appetite for frontier tech. The firm also supports faster post-quantum readiness for blockchains, noting that governance, not engineering, is the primary challenge, and investors don't need to wait for a complete upgrade to invest in Bitcoin.

(Source：BeInCrypto)