Bitcoin community denies quantum computing as the reason for price decline

DeepFlowTech · 2026-01-23T01:47:20+00:00

The Bitcoin community questions the correlation between the threat of quantum computing and price declines, believing that the main reason is the selling pressure from long-term holders. Nevertheless, some financial institution executives remain concerned about the progress of quantum computing, believing it could impact Bitcoin's long-term security.

DeepFlowTech

2026-01-23 01:47:20

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Deep Tide TechFlow News, January 23 — According to Cointelegraph, members of the Bitcoin community have questioned the claim that quantum computing threats are causing poor Bitcoin price performance. Glassnode chief analyst James Check pointed out that linking Bitcoin price to quantum computing panic is similar to blaming market manipulation for declines. He believes that the weak price is mainly caused by large-scale sell-offs by long-term holders.\n\nNevertheless, some senior executives in traditional finance are concerned about advances in quantum computing. Jefferies strategist Christopher Wood last week removed Bitcoin from his “Greed and Fear” investment portfolio, citing the potential threat of quantum computing to Bitcoin’s long-term security. Castle Island Ventures partner Nic Carter also believes that quantum computing is indeed a major factor behind Bitcoin’s poor performance this year.

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