Bitcoin could face a major price shock if it does not upgrade its security against future quantum computing threats, according to Charles Edwards, founder of crypto investment firm Capriole. In a recent post on X, Edwards warned that Bitcoin could fall below $50,000 by 2028 if the network fails to adopt quantum-resistant cryptography.
Edwards argued that advances in quantum computing could eventually undermine Bitcoin’s current public key cryptography, creating systemic risk for long-term holders. He suggested that without clear progress on mitigation, markets may begin pricing in this vulnerability well before quantum computers become practically viable.
The Capriole founder also pointed to governance challenges within the Bitcoin ecosystem, saying a severe market correction might be needed to force consensus around technical upgrades. In his view, delayed action increases the likelihood of a prolonged bear market once confidence erodes.
While many developers believe large-scale quantum threats remain years away, the debate highlights how technological resilience is becoming a growing factor in crypto risk assessments. For policymakers and central banks working on digital currencies, including the digital euro, the discussion underscores the importance of building future-proof cryptographic foundations from the outset.