Capriole founder: If Bitcoin does not possess quantum resistance by 2028, its price may plummet.

PANews reported on December 17th, citing Cointelegraph, that Charles Edwards, founder of the quantitative Bitcoin and digital asset fund Capriole, warned that if Bitcoin does not achieve quantum resistance by 2028, its price could plummet below $50,000. The potential threat posed by quantum computing to the crypto industry has long been controversial and is seen as a key turning point. Theoretically, more advanced computers capable of breaking encryption could reveal user keys, exposing sensitive data and user funds to malicious actors. While it's generally believed that this threat is still years away, Edwards predicts it could arrive as early as 2028, and if the industry doesn't act quickly enough, Bitcoin's price could crash. Critics argue that the threat posed by quantum computers is exaggerated, as the technology is decades away from being viable, and banking giants and other traditional targets will be compromised before Bitcoin even reaches them.