The post Schwab Analyst Warns Quantum Computing Is Bitcoin’s ‘Number One Threat’ appeared first on Coinpedia Fintech News
Bitcoin’s price is holding near $90,000, but the bigger story right now is what could be coming next.
In a recent Crypto Corner segment on Schwab Network, hosts Jenny Horne and Nate Peterson discussed why Bitcoin is underperforming despite supportive macro conditions, while also highlighting a long-term threat that could impact the entire crypto industry.
Bitcoin has been trading between $88,000 and $90,000, even as gold and silver continue to move higher. Historically, Bitcoin has followed gold with a 3-6 month delay, but that correlation has yet to show up this time.
Peterson noted that Bitcoin’s earlier rally toward $98,000 was driven by optimism around the Clarity Act, but momentum stalled once progress slowed.
Don’t Panic Over the Death Cross
A recent “death cross”, when the 50-day moving average falls below the 200-day, has raised
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