Bitcoin Could Jump 50% If Developers Agree on Quantum Plan: Capriole CEO

Bitcoin developers have a six-to-12-month window to establish a quantum-security plan before the threat weighs more heavily on value. According to Charles Edwards, CEO of Capriole Investments, Bitcoin’s price could rise 30% to 50% in a day if developers agree on a roadmap to protect the blockchain against quantum computers. He also warned that delays in addressing the threat could weigh on the asset’s valuation. Edwards Sees Quantum Security as a Potential Bitcoin Catalyst Speaking to BMTV, Edwards described the quantum threat as tangible within a typical two- to three-year investment horizon. Bitcoin developers have yet to reach a consensus on a path forward, he noted, despite early-stage proposals intended to help prepare the network. “If they kind of align and say, okay, this is the roadmap that we’re going to do, or this is the signature schemes that we’re going to probably implement in the next sort of 12 months or 18 months or what have you,” Edwards said, “I think that results in a significant repricing of Bitcoin up.” He estimated that a concrete plan from Bitcoin Core developers could produce a 30% to 50% price move in one day as investors reassess the threat. The next six...