Bitcoin community dismisses quantum computing concerns as driver of market stagnation
Bitcoin supporters remain divided on whether quantum computing threats are responsible for the cryptocurrency's lackluster price movement, with many expressing strong doubt.
Supporters of Bitcoin have downplayed assertions that anxieties surrounding quantum computing presenting an earlier-than-anticipated risk to the digital currency are weighing down its market value.
In a Thursday post on X, Glassnode's lead analyst James Check stated that connecting Bitcoin's market performance to quantum computing concerns "is akin to blaming market manipulation for red candles, and declining exchange balances for green ones."
While acknowledging that quantum computing might be "keeping some capital away" from Bitcoin (BTC), Check maintained that the cryptocurrency's underwhelming price action has been influenced much more significantly by substantial liquidation from long-term holders.
Bitcoin saw sell-side from HODLers in 2025, which would have killed every prior bull thrice over, and then once more.
James Check
TradFi worries over quantum threat
Utilizing quantum bits, commonly known as qubits, quantum computing processes data in a manner that differs fundamentally from conventional computing systems. Cryptocurrency developers have engaged in ongoing discussions regarding whether this technology could represent a danger to certain cryptographic techniques employed to safeguard blockchain networks.
While this subject has been under discussion for multiple years, it has recently garnered increased attention as certain traditional finance leaders have expressed apprehension about how recent quantum computing breakthroughs might impact Bitcoin's future price trajectory.
Christopher Wood, a strategist at Jefferies, decided to exclude Bitcoin from his "Greed & Fear" model portfolio during the previous week, pointing to worries that emerging developments in quantum computing might compromise the digital asset's long-term protection.
Vijay Boyapati, an author focused on Bitcoin, stated he was "highly skeptical the price action in BTC is explained by QC [quantum computing], notwithstanding there may be some investment notes that have picked up that narrative."
On the other hand, certain members of the Bitcoin community maintain greater conviction that quantum computing represents the main driving force behind Bitcoin's current price behavior. On Wednesday, Nic Carter, partner at Castle Island Ventures, asserted that Bitcoin's "mysterious" underperformance is "due to quantum" and is "the only story that matters this year."
The market is speaking and the devs aren't listening.
Nic Carter
On Wednesday, Jamie Coutts, chief crypto researcher at Real Vision, commented that "quantum risk doesn't move with price, but the gap does."
As Bitcoin's price rises, confidence rises — and the willingness to push through disruptive, precautionary upgrades falls. The system feels safest exactly when it is least incentivised to prepare.
Jamie Coutts
In spite of optimistic price predictions, Bitcoin concluded 2025 approximately 6.33% below where it began the year, declining from $93,425 to $87,508.
While some analysts had projected Bitcoin would achieve price levels of $250,000, the digital currency attained a maximum of above $126,000 in October.
According to CoinMarketCap, Bitcoin has experienced sideways trading over the previous day at approximately $89,500.