According to Galaxy Digital, most institutional investors are unaware of – or uninterested in – the ongoing controversy.
Most institutional investors in the Bitcoin sector seem either uninformed or indifferent to the debate between Bitcoin Core and Bitcoin Knots. This was confirmed by Alex Thorn, head of research at Galaxy Digital.
The debate revolves around how the Bitcoin network should be used and whether non-financial transactions should be excluded. The discussion intensified after the release of the Bitcoin Core v30 update, which, according to some users, would have opened the door to operations considered “spam” on the blockchain.
Knots supporters argue that this kind of unwanted content should be filtered, as it could allow malicious actors to insert illegal or immoral material into the blockchain. On the other hand, the Core faction maintains that any limitation could fragment the network, create confusion among users, and contradict one of the protocol’s core principles.
In a post published on X, Thorn presented the results of a survey conducted among 25 institutional investors Galaxy works with. According to the findings, 46% of respondents said they were not aware of the ongoing debate, while another 36% said they had no clear opinion or were indifferent to the issue. Of the remaining 18%, all participants expressed a preference for the position supported by Bitcoin Core.
“Real capital, real investors, service providers, even government officials see no problem at all or are unaware there’s even a debate at best it’s a hypothetical problem, and their proposed solution does nothing to solve the (fake) problem they claim is real,” Thorn said.
Thorn added that while he “didn’t poll miners but I know most of the big ones closely and also nobody cares or is following at all.”
