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Most Investors Ignore Debate Over Bitcoin Core v30 Update

Key Takeaways

  • Most institutional Bitcoin investors know little about the Core–Knots dispute, with Thorn’s survey showing almost all are unaware;
  • The clash began after the Core v30 update, which critics say enables more non-financial data, while Knots supporters push for stricter filtering;
  • Core developers warn that blocking valid transactions could fracture the network, and Thorn says institutions do not view the issue as important.​

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Most Investors Ignore Debate Over Bitcoin Core v30 Update

Most institutional Bitcoin BTC $92,646.66 investors are either unaware of the recent disagreement between supporters of Bitcoin Core and Bitcoin Knots, according to Alex Thorn, who leads research at Galaxy Digital.

Thorn shared his view in a post on X after running a small survey with 25 institutional clients.

In that group, 46% said they knew nothing about the debate. Another 36% said they were unsure about it or did not have a strong opinion. The remaining 18% supported the position held by Bitcoin Core.

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Thorn explained that these results match what he hears in private conversations with other major market players.

The disagreement began after the release of Bitcoin Core v30. Some critics argued that the update makes it easier for people to add non-financial data to the blockchain.

Supporters of Bitcoin Knots believe the system should block this type of activity to lower the risk of misuse.

On the other hand, Bitcoin Core developers warn that restricting any valid transactions could create confusion, divide the network, and conflict with long-standing principles of open participation.

They argued that the system should treat all valid transactions the same, even if some people dislike certain uses.

In a post on X, Thorn said that most institutions, service providers, and even public officials he speaks with do not view the issue as serious.

Nick Szabo, a figure in Bitcoin's early development, recently shared his thoughts on the blockchain's vulnerability to legal interference. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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