Galaxy Digital: Client Sold Approximately $9 Billion in Bitcoin Not Due to "Quantum Computing Risk"

Odaily News: Alex Thorn, Head of Research at Galaxy Digital, stated that a recent sale of approximately $9 billion worth of Bitcoin by a Galaxy client was not motivated by concerns over the so-called "quantum computing risk."

He pointed out that although Galaxy Digital's founder and CEO, Mike Novogratz, had mentioned that some market views consider quantum computing as one explanation for Bitcoin's price weakness, Novogratz himself does not subscribe to this narrative.