Analyst Charles Edwards argues Bitcoin’s current price reflects a 30% discount due to unresolved quantum computing threats.
Bitcoin’s $65,270 price may understate its fair value by 30% due to quantum computing risks, according to Capriole Investments founder Charles Edwards. He estimates the cryptocurrency is 40% below its energy-based fair value, with quantum concerns accounting for much of the gap.
Edwards notes Bitcoin Improvement Proposals (BIPs) have not addressed the issue adequately, while Ethereum plans a post-quantum overhaul by 2029. Observers warn the risk could escalate if developers fail to act before 2030.
Bitcoin remains 49% below its October all-time high of $126,100, with Edwards suggesting the current price reflects known risks rather than future unknowns.