Bitcoin's BIP-360 proposal has sparked industry-wide discussions about the potential impact of quantum computing on cryptocurrency security. CoinDesk senior analyst James Van Straten highlighted that the proposal, which introduces the Pay-to-Merkle-Root (P2MR) output type, aims to bolster Bitcoin's defenses against quantum threats through a soft fork. This development follows Bitcoin's recent price surge to $60,000, prompting a reassessment of the cryptocurrency's vulnerability to quantum computing. Van Straten predicts that once consensus on BIP-360 is achieved, Bitcoin's market could experience a significant price revaluation, potentially increasing by 50–100% within weeks. However, he also raised concerns about the future of bitcoins held by "Satoshi Nakamoto" and other long-dormant coins, which could influence market dynamics.