Advanced quantum computers could eventually threaten the digital security provided by classical cryptography—and Grayscale supports accelerated efforts toward quantum readiness for all major blockchains. But this issue has probably not been the primary driver behind the drawdown in Bitcoin’s price. In fact, the share prices of public companies focused on quantum computing have moved in lockstep with Bitcoin over the last few months (see chart). If new technological breakthroughs in quantum computing were weighing on Bitcoin, one might expect to see the share prices of companies in that industry rising as a result. ... (full story)