TechFlow news, January 23 — According to Cointelegraph, members of the Bitcoin community have expressed skepticism regarding claims that Bitcoin's poor price performance is due to fears over quantum computing threats. Glassnode's chief analyst, James Check, pointed out that linking Bitcoin’s price movements to quantum computing fears is similar to blaming market downturns on manipulation. He believes the price weakness is primarily driven by substantial selling from long-term holders.
Nevertheless, some traditional financial institution executives have voiced concerns about advances in quantum computing. Jefferies strategist Christopher Wood recently removed Bitcoin from his "Greed and Fear" investment portfolio, citing the potential risk quantum computing poses to Bitcoin's long-term security. Nic Carter, partner at Castle Island Ventures, also believes quantum computing is indeed a major factor behind Bitcoin’s underperformance this year.
