Charles Edwards, founder of Capriole, has issued a stark warning that Bitcoin could fall below $50,000 if it does not become quantum-resistant by 2028. Edwards highlighted the potential threat posed by quantum computing, which could compromise encryption and expose user data. He emphasized the urgency of addressing this issue, suggesting that a failure to implement a solution by 2026 could lead to a significant bear market for Bitcoin.
While some critics argue that the threat of quantum computing is exaggerated, Edwards believes the risk is imminent, with Bitcoin being particularly vulnerable. He noted that many banks and institutions are already transitioning to post-quantum encryption, which could leave Bitcoin exposed. Edwards urged the crypto community to act swiftly to upgrade the network, warning that without a fix, Bitcoin's value could continue to decline.
Bitcoin Faces Potential Sub-$50K Drop by 2028 Due to Quantum Threat, Warns Capriole Founder
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