PANews reported on May 5th that Grayscale stated in an article on its X platform that quantum computing is not the primary factor contributing to the recent pressure on Bitcoin. Grayscale noted that quantum computing-related stocks have also fallen along with Bitcoin recently, and if a breakthrough in quantum computing were the core reason for Bitcoin's decline, the market performance should theoretically be the opposite.

Grayscale Research believes that the real driver behind the recent pressure on Bitcoin and related cutting-edge technology assets is the market's widespread de-risking of the cutting-edge technology sector.