"On a recent episode of the Unchained podcast hosted by Laura Shin, Bitcoin developer Matt Corallo rejected the idea that quantum fears are behind the downturn. If investors were pricing in imminent quantum risk to Bitcoin's cryptography, he said, Ether would likely be outperforming rather than falling in tandem. Bitcoin is down roughly 46% from its all-time high, while Ether has fallen roughly 58% since an early-October market break."
"The quantum debate has gained visibility as researchers explore post-quantum cryptography and as asset managers update disclosures. Last year, BlackRock amended the registration statement for its iShares Bitcoin ETF to flag quantum computing as a potential risk to the network's integrity. Corallo countered that market pricing does not signal urgency. He framed the current environment as one in which Bitcoin is competing for capital against other sectors, especially artificial intelligence."
Bitcoin fell about 46% from an October peak near $126,100 to roughly $67,000, while Ether dropped roughly 58% since an early-October market break. Some market participants cite quantum computing as a potential threat to cryptographic security, and asset managers have updated filings to flag that risk, including a BlackRock amendment. Parallel weakness in Ether undermines a Bitcoin-specific quantum explanation, and market pricing does not indicate urgency about quantum threats. Competition for capital from artificial-intelligence infrastructure, shifting liquidity, and changing miner economics appear to be redirecting investor flows. Bitcoin mining difficulty climbed to 144.4 trillion, a 15% increase.
Read at Bitcoin Magazine
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