F2Pool co-founder Wang Chun insists on bullish Bitcoin and names multiple quantum concept stocks as bearish.

BTC-1,18%

PANews February 17 News, F2Pool co-founder Wang Chun posted on X platform that quantum computing is more like a technological bubble compared to AI. The industry is currently filled with hype but has almost no actual deliverables. AI is continuously improving the real world, while quantum computing is unlikely to achieve practical applications by 2026, and is expected to remain difficult to generate substantial industry value for decades to come. His trading view is to short quantum computing but to remain long Bitcoin. He also specifically mentioned bearish views on several quantum computing concept stocks, including Rigetti Computing ($RGTI), D-Wave Quantum ($QBTS), Quantum Computing Inc. ($QUBT), and IonQ ($IONQ). Wang Chun added that the current products and commercialization capabilities of these companies are insufficient, and market valuation is more based on long-term technological expectations.

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