Galaxy Digital CEO Mike Novogratz says quantum computing is being used as a selling narrative, but he expects Bitcoin to upgrade to quantum-resistant tech in time. The billionaire does not view quantum advances as a long-term threat to the digital asset.
Novogratz noted that the real threat to Bitcoin would be internal discord among developers rather than quantum computing. He said prolonged conflicts or failure to agree on upgrades could pose risks, but added that he does not “see that happening.”
The comments came as Novogratz addressed recent market weakness, with Bitcoin falling to its lowest level since Trump’s election victory. The digital asset was trading above $76,000 at press time, down 3% in the last 24 hours, CoinGecko data shows.
Novogratz said recent selling pressure has been driven by supply from long-term holders’ distribution, not a collapse in market confidence. While acknowledging the potential for further downside, he said his instinct is that the market is closer to a cyclical low than the start of another extended crypto winter.
Novogratz pointed to US crypto market structure legislation as a potential catalyst that could draw in new demand through Wall Street channels. He said Bitcoin has solidified its role as a macro asset supported by both retail and institutional investors.
Galaxy Digital reported a GAAP net loss of $241 million for the full year 2025. The company generated $505 million in adjusted gross profit from its digital assets segment, up 67% year-over-year.
Source: https://cryptobriefing.com/quantum-resistant-bitcoin/
