VanEck Research Chief Says Quantum Risk Is No Reason to Sell Bitcoin
Matthew Sigel described quantum computing as a long-term risk. He also pointed to the potential value of miners’ long-term power agreements as AI data centers need stable electricity.
VanEck digital assets research chief Matthew Sigel said quantum computing is a long-term risk for Bitcoin (BTC), but does not currently warrant selling, while AI data center demand may increase the value of miners’ power agreements.
Some miners have 10- to 20-year power lease agreements with investment-grade counterparties. Miners’ core assets were traditionally viewed as computing power and Bitcoin production capacity, but long-term electricity agreements may offer additional business opportunities, including a possible move into AI infrastructure.
Sigel pointed to signs of seller fatigue in the Bitcoin market and said investors should watch for opportunities after pullbacks. He also compared Bitcoin and gold’s roles in portfolios and said Bitcoin could continue gaining market share. VanEck uses Bitcoin reaching a portion of gold’s market capitalization as one reference point for future valuation.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.