📰 【Grayscale: Quantum Computing Is Not the Main Cause of Bitcoin Price Drop in the Short Term】

BlockBeats reports that on May 5th, Grayscale stated that although advanced quantum computing poses a long-term potential threat to traditional cryptography and supports all mainstream blockchains to accelerate quantum-resistant upgrades, this is not the primary driver of the recent Bitcoin price decline. Grayscale observed that over the past few months, Bitcoin and the stock prices of publicly traded companies focused on quantum computing have moved in sync. If breakthroughs in quantum computing posed a substantial pressure on Bitcoin, the stock prices of quantum computing companies should rise, but in reality, they have not. Additionally, since October last year, the decline in Bitcoin and quantum computing stocks mainly reflects the market’s overall risk-off sentiment triggered by concerns over AI disruptions. Although Bitcoin...

Brothers, I’ve been watching the market so closely my eyes are almost blind. Grayscale’s analysis, frankly, is just a reassurance for retail investors. If quantum computing could really kill Bitcoin, the stocks of those quantum computing companies would have already skyrocketed; instead, they’ve fallen worse than anyone. Retail investors are easily scared by these high-tech buzzwords—once they hear “quantum computing,” they panic and quickly sell. Wake up, this recent dip is just the market shaking out the weak hands, clearing out those who aren’t committed, and has nothing to do with quantum computing. 👇👇👇👇👇