Article

A Galaxy Digital client sold $9 billion in Bitcoin, driven by concerns over quantum computing's potential risks to cryptocurrency security, contributing to recent market downturns. This sale, linked to estate planning from an early Bitcoin investor, highlights a trend of profit-taking among adopters as discussions on enhancing Bitcoin's encryption for quantum resistance gain traction. While current quantum technology does not pose an immediate threat, industry leaders are advocating for proactive measures to safeguard against future risks.