Institutional Investors Are Largely Oblivious to the Bitcoin Core-Knots Debate, Galaxy Digital Research Finds
Summary
- 46% of institutional investors surveyed had no knowledge of the Bitcoin Core vs. Bitcoin Knots debate
- Only 18% of respondents had a strong opinion, all of whom supported Bitcoin Core’s approach
- According to research from Galaxy Digital, there are minimal protocol dispute concerns at major mining operations
Most institutional investors in the Bitcoin (BTC) sector remain either uninformed or indifferent to the ongoing debate between Bitcoin Core and Bitcoin Knots, according to a survey conducted by Galaxy Digital.
Alex Thorn, head of research at Galaxy Digital, released findings showing that 46% of 25 institutional investors surveyed were unaware of the debate, while 36% said they had no clear opinion or remained indifferent to the issue. Of the remaining 18%, all respondents expressed support for the Bitcoin Core position.
The debate focuses on how the Bitcoin network should be used and whether non-financial transactions should be excluded from the blockchain. The debate intensified after the release of the Bitcoin Core v30 update, which some users claim opened the door for operations deemed spammy on the blockchain.
Proponents of Bitcoin Knots argue that unwanted content should be filtered, citing concerns that malicious actors could inject illegal or immoral material into the blockchain. Bitcoin Core proponents argue that any restriction could fragment the network, cause user confusion, and contradict the core principles of the protocol.
In a post published on social media platform According to the post, he characterized the issue as a hypothetical problem at best.
Thorn also indicated that while miners were not included in the study, his knowledge of major mining operations indicates minimal awareness or concern about the debate, according to his statement on X.
