James Check did not see the connection between the quantum threat and the price of Bitcoin - ForkLog: cryptocurrencies, AI, singularity, the future

# James Check did not see a connection between the quantum threat and the price of Bitcoin

The main reason for the weakness of the first cryptocurrency is large-scale sales by long-term holders, not concerns about quantum computing. This was stated by the founder and leading analyst _Checkonchain James Check

This.

QC keeps some capital away, but this argument that gold is up and Bitcoin is down because of it just isn’t it.

Gold has a bid because sovereigns are buying it in place of treasuries. The trend has been in place since 2008, and accelerates after Feb-22.

Bitcoin saw… https://t.co/3KoYBKbf7x

— _Checkmate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) January 21, 2026

“Yes, we should have plans to protect against the quantum computing threat. But considering them the main reason for the current price drop is like blaming market manipulation for red candles and declining exchange balances for green ones,” he wrote.

According to the expert, the threat from the technology may scare some investors, but it is not related to the ongoing sideways movement of Bitcoin

“In 2025, the asset faced sales from HODLers, which would have killed any previous bull market three times over, and then once more,” emphasized Check.

His post was a reaction to the words of Vijay Boyapati, author of books about Bitcoin, who also is highly skeptical of the idea that quantum computing influences the coin’s price.

Partner at Castle Island Ventures, Nick Carter, expressed the opposite view. In his opinion, the “mysterious” lag of Bitcoin behind stocks and precious metals is caused by quantum computing.

Bitcoin’s “mysterious” underperformance (due to quantum) is the only story that matters this year. The market is speaking the devs aren’t listening https://t.co/C30BO5Tj4A

— nic carter (@nic_carter) January 21, 2026

“The market is speaking, but developers are not listening,” he wrote.

Earlier, Carter already accused the Bitcoin community of ignoring the problem. The expert believes that a huge gap has formed between capital holders and technical specialists.

Some market participants are already divesting from digital gold in their portfolios — for example, Christopher Wood, author of the popular “Greed & Fear” concept. The reason for his decision is growing concerns that progress in the field of super-powerful computers could threaten the long-term security of the coin.

At the same time, many consider the problem distant — cryptopunk Adam Back expects the emergence of systems capable of breaking Bitcoin’s cryptography no earlier than 20-40 years from now.

New initiative by Coinbase

American cryptocurrency exchange Coinbase has formed an independent advisory board to assess the threats posed by quantum computing to the blockchain. It includes experts in the field, cryptography, distributed systems, and cybersecurity.

The structure will publish open reports on the current state of super-powerful computers and their consequences, issue recommendations for developers and users, and respond promptly to advances in quantum technologies.

It is expected that the first software document will be released in early 2027.

Coinbase emphasized that the council will operate independently of the company’s management and aims to provide research for the entire industry.

Recall that in January, BTQ Technologies launched a quantum-resistant testnet of Bitcoin.