According to on-chain analyst Willy Woo, a long-running rise in Bitcoin’s value versus gold has stalled. He points to a break in a trend that ran for more than a decade.
The timing, he argues, lines up with when quantum computing showed up on the radar of Bitcoin developers and when the Quantum Bitcoin Summit took place. That change, he says, has altered how the market thinks about Bitcoin’s future.
Quantum Fear And Lost Coins
Reports have disclosed that roughly 4 million BTC are effectively out of circulation because their keys are lost. That number matters. Since 2020, corporate buyers and spot ETFs have taken close to 3 million BTC off the market.
If some of those lost coins were eventually recovered using powerful quantum machines, supply would expand in a way that markets could not ignore. Woo gives the chance of a network hard fork that freezes any recovered coins at 25%.
12 YR TREND BROKEN.
BTC should be a valued a LOT HIGHER relative to gold.
Should be. IT’S
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