Bitcoin Quantum Threat Confirmed by Top XRP Contributor After $9 Billion Sell-Off
Analysis
Price Impact
HighA $9 billion sell-off by a significant client due to quantum computing fears is a major event. while quantum computing is a long-term threat, this incident indicates that some large, institutional investors are already treating it as a credible, investable risk, which can create significant fud and selling pressure among other wealthy holders.
Trustworthiness
HighThe information comes directly from mike novogratz, ceo of galaxy digital, during an earnings call, and was further amplified and confirmed by dom kwok, a recognized figure in the crypto space. this gives the report strong credibility.
Price Direction
BearishThe immediate impact of a $9 billion sell-off is bearish. furthermore, the spread of the 'q-day' narrative as a legitimate portfolio concern for institutional investors can lead to an 'asymmetric fear premium' and continued selling pressure, especially if concerns about bitcoin's upgrade path persist.
Time Effect
LongWhile quantum computing itself is a long-term technological development, the market's reaction to the 'quantum threat' as an investable narrative and a reason for significant portfolio adjustments will likely unfold over an extended period. the discussion around bitcoin's ability to implement post-quantum cryptography will also be a prolonged process.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News One of today's unusual catalysts in the crypto narrative did not come from Fed rate, ETF flows or a billion-dollar liquidation cascade, but an earnings call detail that reframed a long-running quantum threat debate as a real portfolio decision. Advertisement According to Galaxy Digital CEO Mike Novogratz, a client sold around $9 billion worth of Bitcoin , and quantum-computing concerns were the main driver. the quantum threat to bitcoin is very real. one of crypto’s biggest fund managers, mike novogratz, just mentioned on his earnings call that one of his clients sold $9b of $BTC because of quantum fears. https://t.co/m7XrwJXkm7?from=article-links — Dom Kwok | EasyA (@dom_kwok) February 3, 2026 The story gained extra traction after Dom Kwok , an EasyA cofounder known for his contributions to the XRP ecosystem, publicly confirmed the idea that quantum risk to Bitcoin should be treated as credible. Advertisement This matters because quantum risk, or "Q-Day," is often dismissed as a cryptography problem that will not affect the market anytime in the next 10 years. However, a sale of this size suggests that at least some seasoned investors are already considering this as a real risk, not just some scary tales. HOT Stories Ripple Prime Goes Live on Hyperliquid: Why This Is 'God-Mode' Move for XRP Morning Crypto Report: Dogecoin (DOGE) Rises on Musk's Wealth Record, Ethereum (ETH) Eyes 24% Rally, Cardano (ADA) Dethrones Bitcoin Cash and Hyperliquid From Top 10 Quantum threat for Bitcoin: $9 billion may be just the start Considering all this, the core issue is not whether post-quantum cryptography exists but whether Bitcoin's upgrade path can be completed before the perceived window of vulnerability closes. And Novogratz's case is not only alarming; it may be just the tip of a multibillion iceberg. As relayed in the thread, Novogratz’s broader point was that the long-term technological solution is likely available while near-term uncertainty lies in governance and social consensus. First of all, among Bitcoin Core developers . Advertisement You Might Also Like Wed, 02/04/2026 - 12:38 Morning Crypto Report: Dogecoin (DOGE) Rises on Musk's Wealth Record, Ethereum (ETH) Eyes 24% Rally, Cardano (ADA) Dethrones Bitcoin Cash and Hyperliquid From Top 10 By Gamza Khanzadaev If a post-quantum transition requires widespread wallet migration and coordinated changes, delays could create an asymmetric fear premium, even without a confirmed breakthrough for quantum computing. For market participants, the takeaway is not that quantum will be "here tomorrow," but that the risk is now investable as a narrative, and this exact narrative of "Q-Day" coming can poison the positioning of the wealthiest of Bitcoin holders. #Bitcoin #Bitcoin News #Quantum Computing #XRP #XRP News