Bitcoin Sub 50K Possible if Quantum Security Fix Not Deployed by 2028
Charles Edwards, founder of Capriole, warns that if Bitcoin is not made quantum-resistant by 2028, its price could fall well below $50,000. He argues the threat from quantum computing—which could by then break Bitcoin's encryption, exposing users’ private keys and funds—is more imminent than many believe. Edwards predicts the necessary network upgrade should be deployed by 2026 and suggests inaction could trigger a major bear market for Bitcoin. He dismisses claims that quantum computing is decades away, noting that banks are already moving to post-quantum encryption, while Bitcoin’s current system is more vulnerable and lacks fraud reversal options. Other industry voices offer diverging views: Willy Woo suggests holding Bitcoin in a SegWit wallet for protection, while Michael Saylor minimizes the concern, calling it marketing hype.
