According to BlockBeats, Charles Edwards, founder of the quantitative Bitcoin and digital asset fund Capriole, has issued a warning regarding Bitcoin's vulnerability to quantum computing. Edwards suggests that if Bitcoin does not develop resistance to quantum computing by 2028, its price could fall below $50,000.
The potential threat of quantum computing to the cryptocurrency industry has been a topic of discussion for some time, viewed as a critical turning point on the horizon. In theory, more advanced quantum computers could break encryption algorithms, exposing user keys and leaving funds and sensitive data vulnerable to malicious actors. While this risk is generally considered distant, Edwards predicts that the timeline could accelerate to 2028. If the industry does not respond adequately, Bitcoin's price may face significant repercussions.
