VanEck CEO Warns of Bitcoin Exit Over Quantum Computing Risk
VanEck CEO Jan van Eck warns that rising quantum computing risk could force a reduction or exit from Bitcoin holdings. He stated he would “walk away from Bitcoin if we think the thesis is fundamentally broken.” Matt Sigel, head of digital-assets research, highlighted a narrow window between a credible quantum breakthrough and a network-wide migration to post-quantum cryptography, creating a quantum computing risk of fund theft. Migrating Bitcoin to quantum-safe signatures requires a coordinated hard fork adopting lattice-based or hash-based schemes—a major logistical challenge for a decentralized network. Some researchers estimate it could take around 76 days, leaving BTC vulnerable. VanEck’s stance aligns with its investments in quantum technology, signaling bullish bets on quantum computing risk. Institutional investors and regulators are now reassessing risk models and contingency plans. A high-profile exit could trigger sell pressure and heightened volatility, underscoring the urgent need for a post-quantum upgrade plan in the Bitcoin ecosystem.
Bearish
The quantum computing risk warning from VanEck’s CEO is likely to be bearish. A prominent institutional manager threatening to exit Bitcoin undermines confidence and raises the prospect of large sell-side flows. Similar risk events—such as major fund custody concerns or regulatory crackdowns—have historically led to short-term price drops and elevated volatility. In the short term, traders may reduce BTC exposure or hedge positions, driving sell pressure. Over the longer term, this could accelerate efforts to develop post-quantum cryptography upgrades, but until a clear roadmap emerges, market sentiment will remain cautious. The combination of heightened fund-theft fears and potential institutional outflows supports a negative outlook.