Analyst: BTC price starting to reflect quantum computing risk

On-chain analyst Willy Woo has argued that the risk of quantum computing is beginning to exert downward pressure on the price of Bitcoin. He explained that the market is now pricing in the potential for a quantum computer powerful enough to break current public-key cryptography. According to Woo, such a development could allow for the recovery of private keys for an estimated four million "permanently lost" bitcoins, reintroducing them to the market. He added that even if this supply were to be revived, there is only about a 25% chance that the Bitcoin network would hard fork to freeze the assets.