BlockBeats News, December 17th – According to Cointelegraph, Charles Edwards, the founder of the quantitative Bitcoin and digital asset fund Capriole, warned that if Bitcoin has not developed quantum computing resistance by 2028, its price may drop below $50,000.
Quantum computing’s potential threat to the cryptographic industry has long been discussed as a looming inflection point. In theory, more advanced quantum computers could break encryption algorithms, exposing user keys and leaving user funds and sensitive data vulnerable to malicious actors. Although this risk is generally considered distant, Edwards predicts that this day may arrive as early as 2028 if the industry’s response is not timely enough, potentially severely impacting the price of Bitcoin.
