Bitcoin’s biggest risk is governance, not quantum computing, says Galaxy CEO
Galaxy CEO Mike Novogratz believes Bitcoin's primary risk is internal governance issues, not the threat of quantum computing.Summary
Galaxy Digital CEO Mike Novogratz asserted that quantum computing is an overblown fear for Bitcoin, suggesting the network will upgrade to quantum-resistant technology before it becomes an existential threat. He argued that the real, though unlikely, danger to Bitcoin lies in internal discord or prolonged conflicts among core developers regarding necessary upgrades. Novogratz made these comments while addressing recent market weakness, attributing selling pressure to long-term holder distribution rather than a collapse in confidence, and suggesting the market is near a cyclical low. He also highlighted potential catalysts like US crypto market structure legislation that could boost institutional demand, reinforcing Bitcoin's status as a macro asset.
(Source：Crypto Briefing)