Bitcoin Sub 50K Possible if Quantum Security Fix Not Deployed by 2028

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Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole, warns that Bitcoin could head well under $50,000 if it isn’t quantum-resistant by 2028.

Quantum computing’s potential threat to the crypto industry has long been debated and is considered an upcoming inflection point. More advanced computers that could break encryption have been theorized as having the capability to reveal user keys, expose sensitive data and user funds to bad actors.

The deadline is generally considered to be years away; however, in an X post on…



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Bitcoin Sub 50K Possible if Quantum Security Fix Not Deployed by 2028


Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole, warns that Bitcoin could head well under $50,000 if it isn’t quantum-resistant by 2028.

Quantum computing’s potential threat to the crypto industry has long been debated and is considered an upcoming inflection point. More advanced computers that could break encryption have been theorized as having the capability to reveal user keys, expose sensitive data and user funds to bad actors.

The deadline is generally considered to be years away; however, in an X post on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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