Grayscale: Quantum Computing Not the Primary Driver of Bitcoin Price Volatility

**May 5 Update: Grayscale Says Quantum Computing Not Behind Recent Bitcoin Drop** Grayscale issued a statement on May 5 noting that while advanced quantum computers pose a long-term threat to traditional cryptography—and support major blockchains ramping up quantum-resistant upgrades—this is not the primary driver of Bitcoin’s recent price decline. The firm observed Bitcoin has moved in lockstep with publicly traded quantum computing companies over the past few months. If quantum breakthroughs were pressuring Bitcoin, quantum firm stocks should be rising—but the opposite is true. Moreover, Bitcoin and quantum computing stocks’ declines since last October mainly reflect market concerns that AI is triggering de-risking of growth assets. Though Bitcoin’s recent stronger correlation with cutting-edge tech assets like quantum computing has boosted investor sentiment, it has not eroded Bitcoin’s store-of-value role in diversified portfolios. Investors don’t need to wait for blockchains to fully complete quantum-resistant upgrades to gain exposure to Bitcoin, Grayscale added.