VanEck’s Head of Digital Asset Research, Matthew Sigel, said quantum computing remains a long-term risk to Bitcoin but is not currently close enough to justify selling. He said growing AI data-center demand is increasing the strategic value of Bitcoin miners’ electrical infrastructure and long-term power contracts, some lasting 10 to 20 years with investment-grade counterparties. Sigel said miners could repurpose facilities for AI and high-performance computing as affordable, stable electricity becomes scarcer. He also pointed to weakening Bitcoin selling pressure and said Bitcoin could gradually capture a larger share of investment portfolios relative to gold and other major assets.