Bitcoin Core developer says quantum computing not behind recent BTC drop

Bitcoin Core developer Matt Corallo has stated that the recent decline in Bitcoin (BTC) is not due to quantum computing. Speaking on the Unchained podcast, Corallo said he disagrees with the interpretation that quantum risk is the cause of the current price drop. He argued that if the threat from quantum computing were the real reason, Ethereum should have seen a significant rally against Bitcoin. While acknowledging that quantum computing could be a potential long-term risk, Corallo suggested that market participants are over-interpreting the issue in their search for a reason behind the short-term decline.