Developers dey question di quantum-fear story as BTC sell-off connect to capital wey dey flow go AI
Bitcoin developer Matt Corallo (some reports call am Carallo) talk say e no true say di recent weakness for BTC na because people fear quantum-computing attacks; for Unchained podcast e talk say market dey look for somebody to blame. E argue say if quantum risk be di main reason, Ethereum (ETH) for don hold or do better — but both BTC and ETH don drop sharply since October (ETH down ~58%, BTC down ~46% from peak), so e no point to blame quantum as immediate cause. Corallo and other core devs talk say market makers no see quantum threat as short-term immediate risk. Instead, dem and other observers dey point to heavy competition for capital from other techs, especially AI, as more likely driver of money flowing out of crypto. Ethereum Foundation don put “long-term post-quantum preparedness” for their security roadmap; estimates for Bitcoin to move to post-quantum protections (per BIP-360 co-authors) fit take years. Market voices still split: some traders and analysts (e.g., Charles Edwards) say make dem price in quantum risk until mitigations ready, while institutional filings (e.g., BlackRock’s IBIT) and public figures (Kevin O’Leary) mention quantum risk too but dem different on short-term probability. On-chain and technical indicators mentioned include BTC trading in downtrend with oversold RSI and supports around ~$66k and ~$63k, and resistances near ~$68k–$71k. Institutional accumulation for Bitcoin still dey continue even with retail searches and fear-driven narratives. For traders: this news reduce likelihood say immediate cryptographic failure dey drive prices, shift focus to macro/fund-flow drivers (AI vs crypto capital competition), and show say post-quantum security is long-term upgrade path — matter for multi-year positioning not short-term trade triggers.
Neutral
Di impact wey dis news get on Bitcoin price na neutral. Di info dem reduce di chance say one immediate cryptographic (quantum) failure na di main reason for di recent sell-off, wey remove one extreme, panic-driven downside catalyst. That one side, di coverage still confirm say downside pressure dey from fund flows and macro/sector rotation — especially capital wey dey move into AI and other tech — wey fit maintain short-term bearish momentum. Institutional interest and on-chain accumulation dey reduce major downside risk and show say buyers still dey support major levels (~$63k–$66k). For long-term, confirmation say post-quantum upgrades dey planned but e go take years mean quantum dey like structural, multi-year tail risk no be immediate price driver. For traders: expect continued volatility driven by macro flows and sentiment rather than sudden technical/crypto-protocol shock; short-term bias fit remain bearish till technical supports hold or capital flow narratives change, while long-term holders fit treat post-quantum work as gradual risk-reduction factor no be urgent reason to reposition.