VanEck Analyst Dismissed Quantum Computing Bitcoin Threat
Digital assets research chief Matthew Sigel argued that quantum computing is not a reason to sell Bitcoin.
Updated on Oct. 3, 2026 in Quantum Computing
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VanEck digital assets research chief Matthew Sigel has stated that quantum computing does not necessitate the sale of Bitcoin. Despite acknowledging the technology as a long-term risk, the firm maintains that Bitcoin could continue to gain market share.
Why it matters
Investors are currently monitoring potential market pullbacks and seller fatigue regarding Bitcoin. Meanwhile, firms are evaluating how long-term technological shifts like quantum computing align with their valuation models, such as using gold's market cap as a benchmark.
Bitcoin miners currently hold electricity lease agreements spanning 10 to 20 years with investment-grade counterparties. These agreements allow miners to pivot toward supporting AI data center infrastructure, which requires stable electricity supplies.
The players
Matthew Sigel
Matthew Sigel is the digital assets research chief at VanEck.
VanEck
VanEck is an investment management firm that analyzes cryptocurrency and traditional asset valuations.
The details
Bitcoin miners are leveraging these long-term energy contracts to explore new business opportunities in the AI infrastructure sector. By securing stable power supplies, miners aim to capitalize on the increasing electricity demands of AI data centers.
Timeline
Miners hold power lease agreements lasting 10 to 20 years.
The Tech Race
The firm aligns its Bitcoin outlook with the historical valuation benchmark of gold's market capitalization. This strategy reflects a broader trend of institutional investors treating digital assets as store-of-value instruments rather than just speculative technology.
Investors should recognize that miners shifting toward AI data center support could change the underlying economics of Bitcoin supply. This potential pivot may influence how retail and institutional participants view the long-term utility of holding digital assets.
The takeaway
Quantum computing is viewed as a long-term risk that does not require immediate divestment from digital assets. Investors may want to consider how energy-heavy industries like Bitcoin mining are diversifying into stable, high-demand sectors like AI infrastructure.
Further reading
Learn more about the intersection of advanced technology and finance at Quantum Computing.
Source note: This article includes information reported by TokenPost.
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