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Grayscale: Quantum computing is not the main reason Bitcoin has been under pressure recently
ME News Report, May 5th (UTC+8), Grayscale posted on X platform stating that quantum computing is not the main factor pressuring Bitcoin recently. Grayscale said that stocks related to quantum computing have also fallen along with Bitcoin recently; if breakthroughs in quantum computing were the main reason for Bitcoin’s decline, market performance should theoretically be the opposite. Grayscale’s research believes that the real driving factor behind the recent pressure on Bitcoin and related cutting-edge technology assets is the market-wide de-risking of the frontier technology sector. (Source: PANews)