On February 9, 2026, a Bitcoin Genesis address associated with Satoshi Nakamoto received 2.565 BTC, valued at more than $150,000. Community members on X offered theories ranging from a symbolic tribute or burn to speculation about Satoshi's possible activity. The address now holds about 57 BTC as past on-chain records show multiple sizeable deposits sent there in recent years.

A sharply critical opinion column by Jemima Kelly in the Financial Times, titled "Bitcoin is still about $70,000 too high," argued that Bitcoin is ultimately headed to zero, shortly after the asset fell toward $60K and then traded around $70K. Many cryptocurrency investors treated the article as a contrarian signal and used it as a cue to buy the dip, openly mocking the publication's stance and questioning its relevance. Community comments suggested that such mainstream declarations that Bitcoin is "dead" are being interpreted by some as a bullish indicator rather than a warning.

CoinShares Bitcoin research lead Christopher Bendiksen argues that concerns over quantum computers breaking Bitcoin are overstated, as only a small portion of the 1.63 million BTC analyzed sits in addresses with exposed public keys. He estimates that 10,230 BTC are in wallets theoretically vulnerable to quantum algorithms, while most holdings would take over a thousand years to crack even under optimistic assumptions. The debate in the Bitcoin community continues, with some experts calling quantum an existential risk and urging early upgrades to post-quantum signatures.

Bitcoin rebounded from the $60,500 low and is consolidating above $70,000, with resistance lining up at $71,200 and the $72,000 area. According to the hourly BTC/USD chart using Kraken data, price sits above the 100-hour SMA after a break of a $69,800 trendline, but a rejection at $72,000 could send it back toward $68,500–$67,200.

On Friday, February 6, CoinShares said fears about Bitcoin's quantum vulnerability are overstated. The firm's analysis focuses on legacy P2PK exposure, estimating roughly 1.6 million BTC there but only about 10,200 BTC in large accounts that could disrupt markets, while stressing today's quantum machines lack the 13 million physical qubits needed to break keys quickly.

On a Friday post, CoinShares researcher Christopher Bendiksen argued that just 10,230 of 1.63 million quantum-exposed Bitcoin sit in addresses large enough to be attractive for an attack. He claimed most at-risk coins are in smaller wallets that would each take around a thousand years to crack, even under highly optimistic assumptions about quantum computing progress.

After Bitcoin slipped under the $70,000 mark, Bitwise CEO Hunter Horsley said on Friday that long-term holders appear uncertain while institutional investors see a renewed buying opportunity. Bitcoin has declined more than 22% over the past month and was trading near $69,635 amid wider weakness in liquid assets, even as institutional inflows into Bitwise products topped $100 million on a single day.

As Japanese interest rates climb and U.S. liquidity conditions tighten, Bitcoin has been reinforcing its position as a macro asset, trading at $70,681 after a 3.03% daily gain alongside a 2.03% rise in gold to $4,966.26 per ounce. Cathie Wood of ARK Invest argues that AI-driven "agentic commerce" is pushing blockchains like Bitcoin, Ethereum, and Solana into core financial infrastructure, encouraging institutions to use gold for stability and Bitcoin for growth and innovation. Even as short-term volatility and a decline in active Bitcoin users persist, rising market dominance near 59% and growing institutional participation are reshaping its traditional boom-and-bust cycle.