Quantum Computing's Potential Impact on Bitcoin and the Future of Grayscale Bitcoin ETF

By: Eva Baxter

The advancements in quantum computing have raised discussions regarding its potential impact on the crypto industry. Such powerful computing abilities have been perceived as a possible threat to cryptocurrencies like Bitcoin. However, the actual threat level still remains a matter of debate, requiring more comprehensive studies and evaluations.

Meanwhile, in the realm of Bitcoin Exchange Traded Funds (ETFs), the U.S Securities and Exchange Commission (SEC) recently declined to appeal a court loss related to Grayscale Bitcoin ETF. This decision has led analysts to speculate that SEC Chair, Gary Gensler, may be left with no alternative but to approve the Grayscale Bitcoin ETF, an expectation eagerly awaited by the market participants.