Recent observations from Galaxy Digital indicate that major Bitcoin holders, often referred to as whales, are not linking their selling activities to fears surrounding quantum computing. This insight comes from Alex Thorn, head of research at Galaxy, who stated on July 15 that none of the whales they work with have cited quantum risks as a motive for selling.
Interestingly, institutional investors seem to have a different approach. Thorn noted that these investors have expressed concerns about quantum computing as a reason to refrain from buying Bitcoin. This suggests that while existing holders are not selling due to quantum apprehensions, potential buyers are indeed influenced by these fears.
Galaxy's analysis reveals that the recent activity among Bitcoin whales is more indicative of a broader distribution cycle than a reaction to quantum technology threats. In fact, a significant wave of dormant Bitcoin came back into circulation during 2024 and 2025, marking one of the largest movements of inactive supply in the cryptocurrency's history. Thorn characterized this period as a 'great distribution,' highlighting that such activity is now tapering off in 2026.
As the debate surrounding quantum computing continues, the focus remains on whether future advancements in this field could compromise Bitcoin's cryptographic security. The community is actively discussing how the network can prepare for these potential challenges.
This article is for informational purposes only and does not constitute financial advice.
