Grayscale stated that while high-performance quantum computers could pose a long-term threat to traditional cryptography and all major blockchains should accelerate Quantum Resistance upgrades, this is not the main reason for the recent decline in Bitcoin's price. One of the reasons cited is that Bitcoin recently fell alongside quantum computing-related stocks. The analysis suggests that the fundamental cause is investors' profit-taking and risk aversion across overheated advanced technology assets following the AI frenzy.
