Growing concerns over quantum computing and its ability to disrupt Bitcoin (
$110,171.00 ) ’s encryption are limiting institutional participation. According to Kevin O’Leary, the Canadian investor and Shark Tank personality, until those threats are resolved, major investors are unlikely to raise their Bitcoin ( $110,171.00 ) allocations beyond 3%.
“They’ll stay cautious, they’ll stay disciplined, and they’ll wait for clarity. That’s the reality,” O’Leary said in a recent statement, noting that he’s still bullish on Bitcoin ( $110,171.00 ) .
Experts caution that while quantum computing is nascent, it poses a potential structural vulnerability to Bitcoin ( $110,171.00 ) ’s protocol.
Reflecting this concern, Jefferies strategist Christopher Wood revealed last month he had removed Bitcoin ( $110,171.00 ) from his model portfolio due to concerns over quantum breakthroughs.
However, the Bitcoin ( $110,171.00 ) community and developers are actively preparing for quantum challenges, with critical proposals now entering the official codebase.
Coinbase has established an advisory board focused on quantum threats, and Ethereum (
$0.00 ) co-founder Vitalik Buterin has advocated for upgrades that would make blockchain systems resistant to such attacks.
October crypto crash revealed why Bitcoin ( $110,171.00 ) and Ethereum ( $0.00 ) dominate
Bitcoin ( $110,171.00 ) is hovering around $67,700 at press time, down about 46% from its peak value of $126,000 established last October, per CoinGecko.
The top crypto asset has faced headwinds following the October 10 crash that wiped out $19 billion in leveraged crypto positions.
On the pullback, O’Leary suggested that something more important is happening beneath the surface than just price volatility.
“Back in October when everything melted, Bitcoin ( $110,171.00 ) got slaughtered and the rest of the market was wiped out, some coins down 80–90% and they never recovered. Why? Because institutions finally did the math and realized if you want 90% of the upside and volatility in crypto, you only need Bitcoin ( $110,171.00 ) and Ethereum ( $0.00 ) ,” he said, adding that smaller coins were seen as low-quality and risky, and institutions decided to sell them off.
The business mogul said last month in a CoinDesk podcast that he had cut 27 crypto positions from his portfolio to concentrate solely on the “Two Girl Dance” of Bitcoin ( $110,171.00 ) and Ethereum ( $0.00 ) , along with the energy infrastructure supporting them.
