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Bitcoin’s quantum threat is real, but far from an existential crisis, Galaxy says
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Why This Matters
Galaxy Digital's research head, Alex Thorn, downplays the immediate threat of quantum computing to Bitcoin, stating that developers are already addressing the issue, and it's a long-term challenge rather than an existential crisis. This assessment may alleviate short-term concerns and stabilize Bitcoin's price. The news may have a positive impact on Bitcoin's price and the broader crypto market.
Market Impact
The news may lead to a slight increase in Bitcoin's price as it mitigates short-term quantum computing risks, potentially boosting investor confidence and stabilizing the market. This, in turn, could have a positive effect on other cryptocurrencies, such as Ethereum, as the overall crypto market sentiment improves.
Sentiment
Bullish
AI Confidence
60%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Developers are already working to address quantum risks, and investors shouldn’t mistake a long-term challenge for an immediate threat, according to Galaxy Digital’s head of research Alex Thorn.
Original article published by
CoinDesk
on March 19, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.