Recently, the buzz around quantum computer-related stocks has been heating up again, but Novogratz of Galaxy Digital has a pretty interesting perspective. During the earnings call, he said that quantum technology isn't really a major threat to Bitcoin.

"He points out that 'quantum technology has become a big excuse for people.' In other words, some Wall Street investors cite quantum risk as a reason to sell their holdings, but maybe that's not the real reason. In fact, when Jefferies' strategists reduced their Bitcoin allocation last month, the reason was also attributed to the threat of quantum computers.

But if you think about it calmly, the evolution of quantum computer-related stocks is still decades away from being a real threat. Novogratz's argument also makes sense. 'In the long term, quantum technology probably won't be a big problem for crypto assets. Bitcoin should be able to handle it,' he says. As technology advances, Bitcoin's code will likely be updated to be quantum-resistant.

However, the Ethereum Foundation has elevated post-quantum security to a strategic priority this month, even establishing a dedicated team. This means the entire industry can no longer ignore the threat posed by quantum computer-related stocks.

Another point worth noting is the movement of early Bitcoin holders, the so-called OGs. Last year, Galaxy facilitated a sale worth $9 billion. This involved over 80k Bitcoins sold by investors from the Satoshi era, sparking discussions about whether the community that has long believed in 'HODLing' is truly wavering.

Novogratz comments on this, saying, 'Once OGs start selling, it becomes a cycle.' Initially, they sell to realize profits, but that makes other long-term holders want to sell too, and the religious belief in HODLing begins to fade. 'That enthusiasm starts to cool, and selling begins,' he states.

In fact, last week there was a major Bitcoin transaction. Novogratz's firm bought 535 Bitcoins at an average of $80,340 per coin. The company has spent about $61.8 billion on Bitcoin, with an average acquisition price of $75,540 per coin. While concerns about quantum computer-related stocks are real, seeing these large institutional investors buying suggests that the market still believes in Bitcoin's long-term value.