Here’s an interesting observation lately: The biggest concern among the Chinese crypto community right now is whether BTC will repeat 2022 and plunge into another deep bear cycle. Meanwhile, the English-speaking crowd seems to be on a “higher level” of paranoia—they’re worried about quantum attacks that could totally wreck BTC’s underlying cryptography. Is this why so many low-cap bag holders have been dumping and cashing out lately? Seriously, can you handle this FUD? Here’s my take: if this isn’t some coordinated fear-mongering from vested interests, then it’s just pure overthinking. Sure, quantum computing is one of the most sci-fi and potentially serious threats out there, since in theory it could break ECDSA public key encryption (meaning exposed private keys). But! In reality, we’re still at least 10-20 years (probably more) away from a practical quantum computer that could actually crack 256-bit elliptic curve cryptography. Current quantum tech is still struggling with stability, error correction, and a ton of other issues. And let’s be real—if/when quantum breakthrough actually happens, the whole internet financial system (RSA, ECC, you name it) goes down before BTC does. The Bitcoin community would have plenty of time to react, and with its decentralized governance, it’s way more upgradeable than most TradFi systems. Honestly, you should be more worried about your money vanishing from your bank than from BTC. Clearly, quantum attacks are not a real threat in the short term. When/if it happens, sure, some lost early BTC might get “resurrected” and re-enter circulation, but that’s more like a one-off supply shock—bringing the circulating supply back to 21M. The market will price this in and move on. Since its birth in 2009, BTC has been declared “dead” countless times. Ponzi schemes, scams, government bans, scaling wars, energy FUD—you name it. Now, with “quantum computing threats” being hyped as the latest mainstream FUD, we’ve basically hit the ceiling. What’s left? There aren’t many more “higher level” reasons to FUD BTC anymore. If all these OGs are really dumping just because of this, I’m actually even more bullish. Every time FUD escalates to “existential technical collapse” levels (think the 2018 “scaling death spiral” or 2022’s “energy FUD + FTX meltdown”), it’s usually right before the next bull run. Quantum FUD is now the hot topic in the English community, which probably means we’re at peak fear for this supercycle. Next up: greed takes over. Sponsored by @Bitget｜ Bitget VIP: lower fees, bigger perks.