Capriole analysts predict bitcoin’s fall to $ 50,000

Charles Edwards, the founder of the Capriole investment fund and a well-known analyst, has warned that bitcoin BTC $87,023.79 Mezo Wrapped BTC -1.05% Market capitalization $38.62 million VOL. 24 hours $1.59 billion could fall below $ 50,000 if an update is not implemented by 2028 to protect the network from the threat of quantum computers. In his opinion, the community is underestimating the risk, and ignoring the problem could lead to the deepest bear market in the history of cryptocurrencies.

Edwards emphasized that although most experts consider the quantum era to be a matter of the distant future, the development of the technology may accelerate. According to his prediction, if the Bitcoin network does not become quantum-resistant by 2028, the BTC rate «will fall below $ 50,000 and continue to decline until the problem is solved.» He called on developers to implement a «quantum patch» as early as 2026 to avoid a crisis of confidence in the network.

Critics, however, believe these fears are exaggerated. They remind us that quantum computers are not yet close to being able to crack the cryptographic algorithms that underlie blockchains. Moreover, large banks and corporations are already switching to post-quantum encryption standards, so it is likely that traditional financial systems will be the first targets of potential attackers, not bitcoin.

Edwards, on the other hand, is convinced that Bitcoin will be the «first victim of the quantum breakthrough» because banks can stop or roll back suspicious transactions, while transactions on the BTC blockchain are irreversible. «We have to solve this next year or we will have the biggest bear market in the history of cryptocurrencies. FTX will look like a child’s play,» he said.

Other prominent market participants, such as Willie Wu and Сейлор" href="https:>Michael Saylor, have taken the opposite position. Wu advised users to store bitcoin in SegWit wallets until a security update is available, while Saylor called the quantum threat debate a «marketing gimmick» used by quantum token developers to create hype. Despite this, the debate over Bitcoin security in the quantum age remains one of the hottest in the community.