Warnings have emerged that if quantum computers become available sooner than anticipated, the price of Bitcoin (BTC) could plummet to below $50,000 (approximately 73.98 million South Korean won). Consequently, some argue that ensuring "quantum-resistant" technology has become extremely urgent across the entire cryptocurrency industry.
Charles Edwards, founder of the cryptocurrency quantitative fund Capriole, said that Bitcoin could face a severe price drop if it fails to achieve quantum security by 2028. In a post on X (formerly Twitter) on Tuesday the 17th, he warned: "Currently, quantum computing is rapidly approaching the tipping point where it can break the security of Bitcoin's core."
Quantum computing, a technology capable of performing calculations at extremely high speeds that traditional computers cannot, has long been a source of concern, raising concerns that it could potentially break Bitcoin's public-key cryptography. In particular, if quantum computers become sufficiently advanced, they could also potentially deduce wallet private keys, thereby stealing user assets. Edwards emphasizes, "The problem is that this threat, once thought to be years away, may have emerged much sooner than expected."
The speed of development of quantum technology is also a matter of close attention from industry and academia. Edwards predicts: "Quantum technology may become practical within the next four years, that is, before 2028," and "If Bitcoin is not prepared for quantum security, the market may suffer a huge loss of trust and a price crash."
On the other hand, some experts believe this prediction is exaggerated. There are also counterarguments pointing out that the practical application of quantum computers may still be decades away, and some blockchain development companies are already considering applying quantum-resistant algorithms.
Whether Bitcoin's security technology can withstand future quantum threats is expected to be a core issue in the development of blockchain technology in the coming years. It's time for investors to consider appropriate strategies.
🔎 Market Analysis
Quantum computing is a next-generation technology that could threaten the foundations of existing cryptographic technologies. If cryptocurrencies like Bitcoin fail to keep pace with technological innovation, market confidence could be drastically damaged.
💡 Strategic Highlights
Blockchain projects should accelerate the adoption of quantum-resistant algorithms, and investors need to pay attention to the project's security roadmap. Security is a core element in long-term investment decisions.
📘 Terminology Explanation
Quantum-resistant: refers to encryption technologies designed to withstand attacks from quantum computers. Most current blockchain systems use quantum-based encryption methods such as RSA and ECDSA, which are vulnerable to quantum attacks.
TP AI Precautions
This article uses a language model based on TokenPost.ai to summarize the content. The main points of the text may be omitted or may differ from the facts.
