Bitcoin News: Whale Sells $9 Billion over Quantum Concerns

Whale's $9B Bitcoin Sale Not Quantum Concern: Galaxy Digital

The $9 billion sale by the Galaxy Digital whale was not due to quantum computing concerns, said the company’s head of research.

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 Quantum Threat Confirmed by Top XRP Contributor After $9 Billion Sell-Off

Top XRP contributor Dom Kwok pushes the debate over Bitcoin's future security after Galaxy revealed a $9 billion BTC sale tied to quantum fears.

Whale’s $9B Bitcoin Sale Not Quantum Concern: Galaxy Digital - Invest In Crypto News

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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.