[VanEck: Bitcoin May Continue to Expand Market Share, Quantum Computing Not Yet a Reason to Sell] BlockBeats News, October 3 – Matthew Sigel, Head of Digital Asset Research at VanEck, stated in an interview that with the rapid development of the artificial intelligence (AI) industry, the electricity resources and long-term power contracts held by Bitcoin mining companies are gaining new value. Sigel noted that the core assets of Bitcoin mining companies were traditionally viewed as computing power and BTC production capacity, but the demand for large and stable electricity resources from AI data centers is changing the market's valuation of mining companies' power contracts. He mentioned that some mining companies have signed long-term power lease agreements, ranging from 10 to 20 years, with investment-grade counterparties. These contracts are providing mining companies with "optionality value" distinct from pure BTC exposure. The development of the AI industry is making electricity an increasingly scarce resource, and mining companies with low-cost, long-term secured power supplies may gain new business opportunities, including transitioning toward AI infrastructure. In terms of the Bitcoin market, there are currently signs of seller exhaustion, and Sigel believes investors should focus on opportunities following a pullback. Additionally, Sigel compared the roles of gold and Bitcoin in investment portfolios, suggesting that Bitcoin may continue to expand its market share in the future. He also discussed the potential impact of quantum computing on the Bitcoin network, stating that while quantum computing is a long-term risk to monitor, it is not currently a sufficient reason for investors to sell BTC. VanEck remains optimistic about the long-term adoption trend of Bitcoin and considers the market capitalization of Bitcoin reaching a certain proportion of the gold market as one of the reference directions for future valuation. [Original Link]