Bitcoin News: Whale Sells $9 Billion over Quantum Concerns

Galaxy CEO Mike Novogratz Points To Quantum Uncertainty As 'Big Excuse' Behind Early Investors Selling Off Bitcoin: 'Not A Huge Issue' - Coinbase Global (NASDAQ:COIN)

Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz on Tuesday called quantum uncertainty a “big excuse” for Bitcoin (CRYPTO: BTC) whales and long-term holders selling off their positions, even though he downplayed its long-term industry impact. Quantum Computing Fears: Overblown Or Justified? During the company’s fourth-quarter earnings call, Novogratz argued that concerns about quantum computing’s impact on Bitcoin have been exaggerated. “Qu…

Bitcoin news: whale sells $9 billion over quantum concerns

CEO Mike Novogratz noted this sale was part of a profit-taking trend among early bitcoin adopters, indicating weakening conviction in the "HODLing" philosophy.

Bitcoin's biggest risk is governance, not quantum computing, says Galaxy CEO

Internal discord among Bitcoin developers poses a greater risk than quantum computing, potentially impacting future upgrades and stability. The post Bitcoin’s biggest risk is governance, not quantum computing, says Galaxy CEO appeared first on Crypto Briefing.

Quantum Computing Isn’t a Major Threat to Bitcoin, Says Galaxy CEO Mike Novogratz

Galaxy Digital CEO Mike Novogratz believes fears around quantum computing threatening Bitcoin are being overstated, even as some investors cite the technology as a reason for selling their holdings. Speaking during Galaxys recent earnings call, Novogratz said that quantum has been the big excuse for people, but emphasized that he does not see it as a serious long-term risk to Bitcoin or the broader crypto market. According to Novogratz, while qu…