The firm addressed speculation that a multibillion-dollar client trade was motivated by concerns over Bitcoin’s resistance to future quantum computing advances.
Galaxy Digital denied that a $9 billion Bitcoin sale by one of its clients was linked to quantum computing risks, countering speculation after its earnings call.
Following the company’s earnings call, crypto community members pointed to a $9 billion Bitcoin (BTC) sale by one of Galaxy’s wealthy customers who was ”fairly concerned about BTC quantum resistance.”
Alex Thorn, Galaxy's head of research, said in a Tuesday X post that the $9 billion trade executed on behalf of its client was not due to Bitcoin-related quantum computing concerns.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments