Capriole Investments founder Charles Edwards pointed out that Bitcoin is experiencing the most intense institutional net sell-off in history, with the institutional net buy rate plummeting to -319%. He attributes this to growing concerns about the threat of quantum computing, which could jeopardize old Bitcoin wallets, leading investors to currently underestimate Bitcoin's fair value by 20%.
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Capriole Investments founder Charles Edwards pointed out that Bitcoin is experiencing the most intense institutional net sell-off in history, with the institutional net buy rate plummeting to -319%. He attributes this to growing concerns about the threat of quantum computing, which could jeopardize old Bitcoin wallets, leading investors to currently underestimate Bitcoin's fair value by 20%.