$BTC Capriole Founder Warns Quantum Computing Could Cause Bitcoin to Fall Below $50,000 by 2028
According to PANews, Charles Edwards, the founder of the quantitative Bitcoin and digital asset fund Capriole, has warned that if Bitcoin does not possess quantum resistance by 2028, its price could significantly fall below $50,000. The potential threat of quantum computing to the cryptocurrency industry has long been a topic of controversy and is seen as a crucial turning point. In theory, advanced computers could break encryption technologies, revealing user keys and exposing sensitive data and funds. Edwards predicts that this threat could materialize as early as 2028, and if the industry does not act quickly enough, the price of Bitcoin may plummet. Critics argue that the threat of quantum computers is exaggerated, as they are still decades away from being feasible, and that traditional targets such as banks will be breached before Bitcoin.$BTC
