Quantum fear appears to be affecting Bitcoin buyers, not sellers
BitcoinAlex Thorne, Galaxy Digital’s managing director and head of companywide research, said its largest shareholders do not believe the sales activity is due to quantum computing risks and are dissociating the technology controversy from the recent debate. whale Activities.
On July 15th, he wrote to X:
“We work with many people whale And no one mentioned quantum as a reason for the sale. ”
This comment suggests quantum concerns are creeping in. BitcoinThe investment discussion did not provide a specific reason for the sale of the major shareholder.
Institutional investors appear to be taking a different approach to this issue. “That said, I have heard from institutional investors that concerns about Quantum are a reason for not buying,” Thorne revealed, suggesting that concerns may be impacting potential buyers rather than existing holders looking to exit positions.
The distinction is as follows Bitcoin Investors continue to investigate the reasons behind the large supply movement from older wallets. Galaxy research suggests that recently. whale This activity reflects broader distribution cycles rather than concerns about future quantum computing threats.
Galaxy’s “amazing distribution” brings old Bitcoin back into action
Galaxy Research data shows a large amount of staleness. Bitcoin It reactivated in 2024-2025, triggering one of the largest waves of dormant supply movements in network history.
“A huge amount of old stuff. BTC “It will go online, go on-chain in 2024 and 2025, and be comparable only until 2017,” Thorne said in another July 15 X post, with the research director calling this period “massive circulation” and explaining that previously dormant coins were returning to circulation.
“This ‘large-scale distribution’ is almost over, and the amount of Awakening coins is on track to be less than half of last year’s amount by 2026.”
Awakened Coin Decline Suggests a Big Wave of Old Coins Bitcoin My movements became sluggish. However, on-chain movements alone cannot determine whether a coin was sold, transferred between wallets, moved by a custodian, or used for other purposes.
Bitcoin’s quantum challenges continue to focus on future preparation
Discussion about quantum computing Bitcoin It focuses on whether future quantum machines could threaten existing cryptographic protections and whether networks can adapt before it becomes a real risk. Researchers investigated potential vulnerabilities in digital signatures and possible approaches to strengthen them. blockchain safety.
challenge to Bitcoin Developers are preparing for potential future threats before quantum computers reach the capabilities needed to breach existing protections. Any major cryptocurrency transition will require coordination among Bitcoin participants.
Mr Thorne said:
“There’s a lot of quantum research going on, and there’s a lot more to come, so I think those concerns will be allayed.”
This comment reflects the view that continued research and preparation may alleviate investor concerns over time.
Quantum risk is also emerging in institutional research on digital assets. Coinbase Institutional explained that quantum computing is a long-term consideration for Bitcoin and discussed possible mitigation strategies to address the threat.
The current market question is whether quantum concerns will continue to be a long-term consideration for investors or will ultimately become a factor in Bitcoin’s positioning. So far, Galaxy’s comments indicate that while the issue is affecting some potential buyers, it is separate from the reported decision to sell Whale.
