Opinion: If Bitcoin does not have quantum attack resistance by 2028, the price may fall below $50,000

BlockBeats News, December 17th, according to a report by Cointelegraph, Charles Edwards, the founder of the Bitcoin and digital asset quant fund Capriole, warned that if Bitcoin has not achieved quantum computing resistance by 2028, its price may drop below $50,000.

Quantum computing's potential threat to the crypto industry has long been discussed and is seen as an imminent turning point. In theory, more advanced quantum computers could break encryption algorithms, thus exposing user keys, leaving user funds and sensitive data vulnerable to malicious actors. While this risk is often considered distant, Edwards predicts that this day could be brought forward to 2028 if the industry's response is not timely enough, potentially severely impacting the price of Bitcoin.