Bitcoin Could Jump 10% on Quantum Security Roadmap as 30% Fear Discount Lingers
Updated
Updated · The Motley Fool · Jul 31
Bitcoin Could Jump 10% on Quantum Security Roadmap as 30% Fear Discount Lingers
2 articles · Updated · The Motley Fool · Jul 31
Summary
Bitcoin could gain at least 10% if developers publish a credible roadmap to address quantum-computing risks, according to Capriole Investments founder Charles Edwards.
Edwards says investor concern over future quantum attacks accounts for nearly a 30% discount, with Bitcoin still trading 49% below its roughly $126,100 all-time high.
The threat is theoretical for now—no machine can crack Bitcoin wallets today—but a powerful quantum computer in five to 10 years could expose vulnerable addresses and trigger a major sell-off.
BIP-360 has started the mitigation debate with a draft safer wallet format, while BIP-361 would give holders five years to migrate before freezing unmoved wallets, including Satoshi Nakamoto's estimated 1.1 million Bitcoin.
That roadmap remains difficult because Bitcoin developers must build consensus on whether protecting the network justifies freezing abandoned or inaccessible coins, turning a technical fix into a governance fight.