VanEck Executive Says Quantum Risk Does Not Yet Justify Selling Bitcoin
Bitcoin investors do not currently have sufficient reason to sell BTC because of quantum computing risks, according to Matthew Sigel, Head of Digital Asset Research at VanEck.
In an interview, Sigel said quantum computing remains a long-term risk that should be monitored but is not yet close enough to pose a threat that would warrant exiting Bitcoin positions.
Sigel also maintained a positive long-term view of Bitcoin's adoption and argued that the cryptocurrency could gradually capture a larger share of the investment market.
VanEck Sees New Value in Bitcoin Mining Infrastructure
Sigel pointed to another development affecting the Bitcoin market: growing demand for electricity from artificial intelligence data centers.
According to Sigel, the rapid expansion of AI is increasing the value of electrical infrastructure and long-term power contracts held by Bitcoin mining companies. Historically, miners were primarily valued according to their computing capacity and ability to produce Bitcoin.
That valuation framework could be changing as AI companies seek large and reliable sources of electricity for data centers.
Some Bitcoin mining companies have secured electricity agreements lasting 10 to 20 years with counterparties carrying investment-grade credit ratings, Sigel said. Such contracts can provide miners with assets whose value is not exclusively dependent on the price of Bitcoin.
As demand for AI computing continues to grow, Sigel said affordable and dependable electricity could become increasingly scarce. Mining companies with access to long-term power supplies could therefore have opportunities to repurpose their facilities for AI and high-performance computing infrastructure.
Bitcoin Selling Pressure Shows Signs of Easing
Sigel also discussed current conditions in the Bitcoin market, saying there are indications that selling pressure is beginning to weaken.
He did not provide a specific measure for the change in selling activity, but his comments suggest that market positioning is becoming an important consideration alongside the longer-term adoption outlook for Bitcoin.
Sigel compared Bitcoin's potential role in investment portfolios with that of gold, arguing that Bitcoin could eventually account for a larger portion of the overall investment market.
VanEck continues to hold a positive view of Bitcoin's long-term adoption trend, according to Sigel. He said Bitcoin reaching even a fraction of the market capitalization represented by other major investment assets could become a significant benchmark for its future valuation.
Quantum Computing Remains a Long-Term Bitcoin Risk
Quantum computing was another issue addressed by Sigel. While acknowledging the technology as a risk that Bitcoin investors should monitor over the long term, he said its current development does not represent a sufficiently immediate threat to justify selling BTC.
The comments frame quantum computing as a potential future consideration rather than an immediate market catalyst. For now, Sigel's assessment is that the technology has not reached a stage where its potential impact on Bitcoin warrants a change in investment positioning.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.