Grayscale Rejects Quantum Threat as Driver of Bitcoin Decline

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Grayscale finds quantum computing stocks fell alongside Bitcoin since Oct/late 2025, contradicting the theory that quantum-threat fears drove BTC's decline. - The firm attributes the joint selloff to macro de‑risking and AI disruption concerns; public quantum firms' valuations did not rise as Bitcoin fell. - Grayscale backs quantum readiness but advises Bitcoin exposure needn't wait for post‑quantum upgrades, easing a security-driven negative narrative for crypto adoption and market sentiment.
- Quantum computing stocks fell alongside Bitcoin since October, proving no divergence in prices.
- Grayscale says macro de-risking and AI disruption fears drove both assets lower together.
- Grayscale backs quantum readiness but says Bitcoin exposure needn’t wait for post-quantum upgrades.
A theory has been circulating in crypto circles that growing fears about quantum computing’s threat to blockchain cryptography are partly responsible for Bitcoin’s price decline since late 2025. Grayscale’s head of research, Zach Pandl, disagrees, saying that quantum computing stocks have fallen alongside Bitcoin rather than risen against it.
If quantum breakthroughs were genuinely threatening Bitcoin’s security model, the companies building those breakthroughs would be seeing their valuations climb as Bitcoin fell. That is not what the data shows.
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