Capriole Founder Warns of Bitcoin Sub-$50,000 by 2028 Without Quantum Fix

The founder of Capriole Investments, Charles Edwards, has raised concerns about the potential risk Quantum Computing poses to Bitcoin. He estimates a 34% chance that Quantum could compromise Bitcoin's cryptography within the next three years, leading to a 34% discount on BTC.

Quantum Computing advancements could impact Bitcoin by 2030, with over a 50% chance according to Capriole's calculations.
If Quantum Computing breaks Bitcoin's cryptography, dormant wallets, including those of Satoshi Nakamoto, could re-enter circulation, affecting market confidence and prices.
Edwards urges for a solution to be implemented soon, warning of a potential bear market if unresolved by 2028.
Michael Saylor believes Quantum Computing will eventually strengthen Bitcoin through network upgrades.

Currently, Bitcoin is trading at $86,500, reflecting a 5.7% decrease over the last week.