Is Bitcoin Selling Off On Quantum Fears? A Reality Check

Bitcoin’s Tuesday slide to $87,895 has revived a familiar market habit: attaching a single, clean narrative to messy positioning, flows, and reflexive price action. This time, the culprit making the rounds is quantum computing, a potentially “existential threat” that’s supposedly explaining Bitcoin’s underperformance versus gold which has printed a new all-time high at $4,888. The quantum angle picked up steam after a post by Nic Carter, a partner at Castle Island Ventures. Carter wrote: “Bitcoin’s “mysterious” underperformance (due to quantum) is the only story that matters this year source: https://www.newsbtc.com/bitcoin-news/bitcoin-selling-off-on-quantum-fears-reality-check/