Expert: BTC could fall below $50K by 2028 without quantum defense

Experts are warning that it could take at least five to 10 years for Bitcoin to transition to a post-quantum standard, and the cryptocurrency's price could plummet without adequate countermeasures, Cointelegraph reports. Jameson Lopp, a BTC Core developer and co-founder of crypto custody firm Casa, stated that while quantum computers are unlikely to break Bitcoin in the near future, completing the necessary protocol changes and fund migration will be a lengthy process. Charles Edwards, founder of Capriole Investments, offered a more urgent outlook, predicting that BTC could fall below $50,000 by 2028 if it is not made quantum-resistant. He added that a delayed response could have a greater market impact than the collapse of FTX, noting that over four million BTC are currently vulnerable to quantum attacks.