Most big investors in the Bitcoin space don’t seem to be paying attention to the ongoing debate between Bitcoin Core and Bitcoin Knots, according to a new survey from Galaxy Digital.
Alex Thorn, who leads research at Galaxy Digital, shared results showing that 46% of the 25 institutional investors surveyed had never even heard of the debate. Another 36% said they knew about it but didn’t really care or didn’t have a clear opinion. Only 18% had strong views—and every one of them sided with Bitcoin Core.
So what’s this debate actually about?
It centers on how the Bitcoin network should be used, and whether certain non-financial transactions should be filtered out. The discussion reached a new level after the release of Bitcoin Core v30, which some people believe makes it easier for unwanted or “spam” activity to take place on the blockchain.
Supporters of Bitcoin Knots think the network should block certain kinds of content, especially if there’s a risk that someone could upload illegal or harmful material. Meanwhile, Bitcoin Core supporters argue that limiting transactions could hurt the network, confuse users, and go against Bitcoin’s fundamental principles.
Thorn commented on social media that most real investors, service providers, and even government contacts simply don’t see this as a serious issue—or they aren’t aware of it at all. He suggested that the whole debate might be a “hypothetical problem” more than a real threat.
While miners weren’t part of the survey, Thorn said his experience with major mining companies shows they also aren’t very worried about the dispute.
Overall, the research suggests that although the Core vs. Knots debate is loud in some corners of the Bitcoin community, it’s barely registering with the people actually investing large amounts of money in the space.
