Grayscale: Quantum computers not main driver of Bitcoin volatility

Grayscale has stated that while high-performance quantum computers could pose a long-term threat to traditional cryptography, they are not the primary cause of the recent decline in Bitcoin's price. The firm added that it supports all major blockchains in accelerating their quantum resistance upgrades. As evidence, Grayscale noted that Bitcoin recently fell in tandem with quantum computing-related stocks. The firm's analysis suggests the fundamental cause is investors taking profits and avoiding risk across the advanced technology sector, which had become overheated following the AI boom.