**Quantum Computing Threat Looms Over Bitcoin**

Charles Edwards, founder of Capriole Investments, has sounded the alarm about a potential price shock for Bitcoin. He warns that if Bitcoin doesn't adapt to advances in quantum computing, its security model could be compromised.

Without timely upgrades to resist quantum attacks, investors may lose confidence in the market's long-term security assumptions. Edwards emphasizes that even though quantum computers capable of breaking Bitcoin's cryptography are not yet widespread, proactive protocol upgrades are necessary to safeguard against emerging threats.

In a worst-case scenario, this risk could drive Bitcoin's price below $50,000 as investors reassess their security assumptions. The discussion highlights the growing need for proactive protocol upgrades to future-proof the network against technological threats.

**Key Takeaways:**

- Quantum computing poses a significant threat to Bitcoin's security model
- Proactive protocol upgrades are necessary to safeguard against emerging threats
- Failure to adapt could lead to a loss of investor confidence and a potential price drop below $50,000