Analyst Warns Bitcoin Could Face Major Bear Market from Quantum Threat
Crypto analyst Charles Edwards has warned that Bitcoin could experience its worst bear market yet if developers fail to upgrade the network’s security against quantum computing threats.
Bitcoin’s current elliptic-curve cryptography (ECC) could be broken once quantum computers reach around 2,300 logical qubits, allowing hackers to derive private keys from public addresses. Major tech firms like Google, IBM, and Microsoft are rapidly advancing in this field, raising concerns about how soon this could happen.
Edwards cautioned that without timely adoption of quantum-resistant cryptography, Bitcoin’s security — and investor confidence — could be at risk. On the technical side, $BTC is trading between $107,000 and $114,000, with a break below $111,000 possibly signaling further downside.
The warning highlights a growing debate within the crypto community: whether Bitcoin’s next big challenge will come not from regulation or markets, but from technology itself.
