Bernstein attributes Bitcoin's weakness to softer capital flows, not quantum computing fears
By
Will Canny, AI Boost
Master baker tier. Every paragraph earns its place on the tray.
Summary
Bitcoin's recent price weakness is attributed to softer capital flows and reduced demand from Bitcoin treasury companies and ETFs, rather than fears about quantum computing breaking Bitcoin's cryptography. Bernstein analysts argue that Bitcoin's increasingly diversified ownership base supports its long-term store-of-value thesis, dismissing quantum computing concerns as a recurring but overstated risk.
Key quotes
· 3 pulledBitcoin's recent weakness is being driven by softer capital flows rather than concerns over quantum computing or other risks
Growing concerns that future quantum computers could eventually break the cryptography underpinning Bitcoin have become a recurring topic in crypto markets
Bitcoin's increasingly diversified ownership base supports its long-term store-of-value thesis
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