Джеймс Чек: Квантовые вычисления не причиной падения биткоина, а HODLеры несут ответственность Translation: Headline: James Chek: Quantum Computing is Not the Reason for Bitcoins Decline, HODLers Are to Blame

The primary factor contributing to the weakness of the leading cryptocurrency is substantial sell-offs by long-term holders, rather than concerns surrounding quantum computing. This statement was made by James Chek, founder and chief analyst of _Checkonchain.

*»Yes, we should have strategies in place to defend against the threat of quantum computing. However, to consider it the main cause of the current price decline is akin to blaming market manipulation for red candles while attributing falling exchange balances to green ones,»* he noted.

According to the expert, while the threat from the technology may deter some investors, it is not linked to the ongoing sideways movement of Bitcoin.

*»In 2025, the asset faced sell-offs from HODLers that would have crushed any previous bull market thrice over, and then some,»* Chek emphasized.

His post was a response to comments from cryptocurrency author Vijay Boyapati, who also expresses skepticism regarding the idea that quantum computing impacts the coin’s price.

In contrast, Castle Island Ventures partner Nic Carter holds a differing opinion. He believes that the «mysterious» lag of Bitcoin in relation to stocks and precious metals is indeed due to quantum computing.

*»The market speaks, but the developers aren’t listening,»* he wrote.

Earlier, Carter had already accused the Bitcoin community of overlooking this issue. He argues that there is a significant gap between capital holders and technical specialists.

Some market participants are already divesting their portfolios of digital gold; for example, Christopher Wood, the author of the popular «Greed & Fear» concept, has made this decision due to rising fears that advancements in supercomputers could jeopardize the long-term security of the currency.

Despite this, many regard the problem as distant — cryptopunk Adam Back anticipates that capable systems to crack Bitcoin’s cryptography will not emerge for another 20 to 40 years.

American cryptocurrency exchange Coinbase has established an independent advisory board to evaluate the threats posed by quantum computing to blockchain technology. The board is composed of experts in this field, cryptography, distributed systems, and cybersecurity.

This body will publish open reports on the current state of supercomputers and their implications, deliver recommendations for developers and users, and respond proactively to developments in quantum technology.

The first administrative document is expected to be released in early 2027.

Coinbase emphasized that the board will operate independently from the company’s management and is intended to provide research for the entire industry.

Additionally, it is worth noting that in January, BTQ Technologies launched a Bitcoin testnet resistant to quantum threats.