Bitcoin to $300,000 Is Possible Only If Quantum Problem Is Solved: Charles Edwards

utoday08-26 16:00

Investment bank Bernstein today released a major report forecasting Bitcoin's rise to $150,000 by mid-2027 and $300,000 by 2029, driven by the sovereign debt crisis and institutional demand.However, ...

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Analysts have previously warned that between 20% and 30% of all existing BTC is directly exposed to Shor's quantum algorithm. This includes early-era wallets, including Satoshi Nakamoto's coins, whose public keys are exposed on the blockchain.This month, the Ethereum Foundation already revised its Layer 1 protection plan, abandoning the vulnerable Poseidon2 function in favor of SHA-256 and BLAKE, with an upgrade targeted for 2029.Bitcoin Core developers are currently discussing BIP-360, which proposes post-quantum addresses based on the ML-DSA algorithm, and the more radical BIP-361, which would forcibly freeze vulnerable legacy coins five years after the upgrade. To accelerate this work, Galaxy Digital allocated $5 million through its Bitcoin Quantum Readiness initiative.What's Bitcoin's fair value?While Bernstein's report today models a supercycle extending three years into the future, current Glassnode on-chain data offers a more pragmatic assessment of Bitcoin's medium-term prospects.According to MVRV pricing band charts, the mathematically justified peak of Bitcoin's current cycle is now located between $134,000 and $180,000. To initiate this move, the market must overcome key resistance at $70,920, where the main cost basis of existing positions is concentrated and sellers traditionally become active.Thus, Bernstein's macroeconomic optimism today runs into on-chain resistance near $71,000, while the long-term supercycle toward $300,000 now directly depends on whether Bitcoin is prepared to undertake large-scale cryptographic reform.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2662745866","isCrawlerRequest":true}