Famous US Founder Explains What Caused Bitcoin’s (BTC) Value to Drop! It Could Fall by Another 50%!

Recently, with discussions about quantum risks in the markets and concerns that it could weaken Bitcoin’s (BTC) security structure increasing, some experts say that the quantum threat is already reflected in prices.

Charles Edwards, founder of Capriole Investments, said Bitcoin is trading below its fair value.

Charles Edwards stated that Bitcoin is currently trading at about a 20% discount to its fair value because it is pricing in the threat of quantum computing.

Edwards stated that if quantum computers were to breach and break Bitcoin’s security framework, public keys could be exposed and large amounts of Bitcoin could be stolen, potentially damaging Bitcoin’s image as a store of value and digital gold.

The analyst also argued that if the relevant security upgrades are not implemented, the discount rate could widen even further in the future.

Charles Edwards recently estimated that transitioning Bitcoin to a security framework resistant to quantum attacks could take at least two years or more.

He called for faster progress in developing a scheme for the Bitcoin network to withstand quantum attacks.

*This is not investment advice.

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