Bitcoin’s privacy and security could be compromised by quantum computing. But it’s still a solid investment right now, Jan van Eck says, CEO of VanEck investment manager.
“There is something else going on within the Bitcoin community that non-crypto people need to know about,” van Eck told CNBC On Saturday “The Bitcoin community has been asking itself: Is there enough encryption in Bitcoin? Because quantum computing is coming.”
The company is a Bitcoin believer (BTCIt existed before Bitcoin was launched. “will walk away from Bitcoin if we think the thesis is fundamentally broken.”
VanEck, one of the largest cryptocurrency asset managers in the world, has created multiple Bitcoin-related products. One such product is a Bitcoin spot exchange traded fund that was launched in 2024 and which has attracted over $1.2 billion since its launch.
Zcash offers greater privacy for Bitcoiners
Van Eck has said that Bitcoin is a very popular currency. “OGs or maxis” I have looked at Zcash (ZECIn their quest for greater privacy in their transaction, they turned to, a privacy focused token.
Zcash is up over 1,300% since the beginning of the year as crypto enthusiasts are rushing to adopt privacy tokens.
Adam Back is a cryptographer, cypherpunk and an expert on cryptanalysis. said Bitcoin was a hot topic earlier in the month. unlikely to face This is an actual threat. quantum computing For at least 2 to 4 decades.
Priced at Bear Market
Van Eck concluded the cycle of four years is already priced into markets. He recommends dollar cost averaging in bear markets, rather than trying to chase bull markets.
Related: IBM claims major leap toward quantum computers with new chips
Bitcoin “for sure” Investors need to include these in their portfolios because “mainstream global liquidity reasons,” Then, there is the “onchain reality.”
He explained the halving cycles, and added that Bitcoin had experienced a negative year every four years for over ten years. “and in 2026 it’s scheduled to have a big negative year,” Investors have prepositioned themselves for this downward trend.
“Every cycle is different. What’s obvious to everybody is that Bitcoin has gone up less this cycle, and so many people think it will go down less in the correction.”
Bitcoin’s price has fallen by more than 30 percent since the all-time peak in October, and it reached a low of just under $82,000 last Friday. It then recovered to $88,000 early on Monday.
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Source: cointelegraph.com
