VanEck Executive: “Quantum Risk Isn’t Significant Enough to Warrant Selling Bitcoin” — Compared It to Gold
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Matthew Sigel from VanEck said that quantum computing doesn't yet necessitate selling Bitcoin (BTC), pointing to miners' 10-20 year energy contracts and weakening selling pressure.
VanEck Executive: “Quantum Risk Isn’t Significant Enough to Warrant Selling Bitcoin” — Compared It to Gold
Matthew Sigel, Head of Digital Asset Research at VanEck, stated that Bitcoin could continue to increase its share of the investment market in the long term, but added that quantum computing is not currently a threat close enough to warrant investors selling BTC. In an interview, Sigel pointed out th...
VanEck Executive: “Quantum Risk Is Not Great Enough to Require Selling Bitcoins” - Compared to Gold!
While Matthew Sigel, Head of VanEck Digital Asset Research, noted that Bitcoin could continue to increase its share of the investment market in the long term, quantum computing is not a threat close enough to require investors to sell BTC at this stage. Sigel said in an interview that the rapid growth in the artificial intelligence sector is making the electricity infrastructure and long-term energy contracts owned by Bitcoin mining companies mo…
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