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Bitcoin

Bitcoin: Analyst sees ‘buying opportunity of a lifetime’ in BTC’s quantum crisis

Image: AMBCrypto

Renowned on-chain analyst Willy Woo believes Bitcoin may lag behind the rest of the crypto and tech industry in post-quantum security. Still, such a scenario may be a generational opportunity rather than a tail-end risk. According to him, Bitcoin may miss the Q-Day deadline, estimated to be 2028-2030. Q-Day refers to the arrival of quantum tech that can break current cryptography that underpins blockchain, banking, and other digital systems’ security. Woo added, BTC talks about a 7-year plan, but I doubt they will get it done in time. Even if they do, there are still 1.7M coins that are lost and vulnerable - those coins will be resurrected. The 1.7M BTC refers to Satoshi (Bitcoin founder holdings) and other lost coins (forgotten passwords and seed phrases).

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