The founder of Capriole Investments has warned about the Quantum risk to Bitcoin, saying there’s a 34% chance it breaks BTC in the next three years.
Bitcoin Could Trade At A Discount If No Quantum Fix Is Deployed
As Quantum Computing continues to advance, many in the Bitcoin community have been raising concerns about what a breakthrough could mean for the cryptocurrency. Capriole Investments founder Charles Edwards has been one of those voices.
Last week, Edwards gave a presentation on the Quantum threat to Bitcoin at the Global Blockchain Show in Abu Dhabi. The analyst has also shared some insights on X.
According to Edwards, there’s a 34% chance that Quantum will undermine BTC’s cryptography in the next three years. Based on this, the Capriole founder has assigned a 34% discount to BTC today. “Given a 2-3 yr timeline to deploy fix, this is the current discount rate,” noted Edwards. “And it is growing. Every. Single. Day.”
The probability has been estimate
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