VanEck CEO expresses doubts about the cryptographic stability of bitcoin
In an interview with CNBC, Jan van Eck, CEO of the investment company VanEck, expressed doubts about the long-term technological sustainability of bitcoin, emphasizing that the asset's blockchain may not provide a sufficient level of protection. He noted that the issues of cryptographic stability, quantum computing, and network transparency are becoming serious topics for many long-term investors who are more interested in fundamentals than short-term price fluctuations.
Source Incrypted
Van Eck also said that his company reviews digital assets using the same criteria as traditional finance and is ready to completely abandon bitcoin if the underlying technology proves to be unreliable. In addition, some long-time bitcoin holders are considering Zcash as an alternative due to its closer level of privacy, as the open nature of bitcoin transactions raises concerns among investors.
These comments indicate a growing concern among investors about possible security issues with bitcoin, especially as discussions about the impact of quantum technologies on cryptography intensify and activity in the on-chain network decreases after the halving. This may lead to changes in VanEck's strategic approach to digital assets and its investment decisions in the future.
