Quantum Countdown: Expert Warns Bitcoin Must Adapt by 2028
Charles Edwards, founder of Capriole Investments, has issued a stark warning: Bitcoin's cryptographic foundations face a potential threat from quantum computing.
The Core Warning:
Edwards suggests that if Bitcoin does not develop quantum resistance by 2028, its price could plummet below $50,000 due to a crisis of confidence.
The Nature of the Threat:
Advanced quantum computers could, in theory, break the encryption securing user wallets. This would expose private keys, making funds and data vulnerable.
The Timeline:
While often seen as a distant future problem, Edwards predicts the risk window could accelerate, making 2028 a critical horizon for the entire industry.
The message is clear: proactive adaptation is no longer optional — it's essential for Bitcoin's long-term survival and valuation.
Concise and to the point (data-focused)
A stark forecast from an expert:
➡ Deadline: 2028.
➡ Threat: Quantum computers vs. Bitcoin's encryption.
➡ Risk: Price under $50K due to lost confidence.
Adapt or become obsolete. The protocol's choice.