Overview
- Bitcoin traded just above $89,000, roughly 30% below its early‑October peak, as gold and silver logged fresh gains and U.S. stock indexes advanced.
- Castle Island Ventures’ Nic Carter argued that quantum computing fears explain Bitcoin’s underperformance this year, saying the market is already reacting.
- Glassnode’s James Check and investor Vijay Boyapati countered that recent weakness reflects heavy supply from long‑term holders and whale profit‑taking thresholds.
- Developers widely view quantum‑capable machines that could break Bitcoin’s cryptography as distant and point to migration proposals such as BIP‑360 as mitigation paths.
- Institutional voices kept the topic in view, with Jefferies’ Christopher Wood dropping Bitcoin from a model portfolio over long‑term quantum risk and 21Shares’ Eliezer Ndinga suggesting—speculatively—that price upside could be significant if the threat is addressed, citing estimates that 20%–50% of coins could be exposed.