Galaxy Digital CEO Downplays Quantum Threat to Bitcoin
- Mike Novogratz, CEO of Galaxy Digital, believes Bitcoin will adopt quantum-resistant technology in time.
- Novogratz views internal discord among developers as a more significant threat than quantum computing.
- The digital asset was trading above $76,000, down 3% in the last 24 hours according to CoinGecko data.
- Recent selling pressure is attributed to long-term holders’ distribution rather than a collapse in market confidence.
- Galaxy Digital reported a GAAP net loss of $241 million for 2025 but saw a 67% increase in adjusted gross profit from its digital assets segment.
Trading Analysis
Trading Signal: NEUTRAL (Score: +2)
Market conditions suggest stability with potential for recovery based on legislative catalysts.
Price Levels:
Current: $76,000
Support: Not specified | Resistance: Not specified
24h/Recent Range: Not specified
Catalysts & Timeline:
• Near-term: US crypto market structure legislation could influence demand
Risk Assessment:
• Internal developer discord poses risk if unresolved
The recent decline in Bitcoin’s price is attributed to distribution by long-term holders rather than market confidence issues. The outlook remains neutral with potential legislative catalysts supporting future demand for Bitcoin.
Source (3.2)https://cryptobriefing.com/quantum-resistant-bitcoin/?rand=59535
