Bitcoin zero-value case challenged over quantum threats and ETF outflow claims

Warnings that quantum attacks and ETF withdrawals could erase Bitcoin’s value face a rebuttal centered on the gap between technical advances and practical hacking capabilities, and on Bitcoin’s role as a store of value. Bitcoin analyst Joe Consorti challenged bearish arguments from Chamath Palihapitiya and Jason Calacanis in a video on October 28. He argued that potential security breaches and the emergence of alternative investments do not provide sufficient grounds to conclude that Bitcoin’s value will fall to zero. Consorti pointed to Bitcoin’s private-key structure in rejecting claims that AI could steal Satoshi Nakamoto’s holdings. The estimated 1.1 million BTC attributed to Satoshi is spread across roughly 22,000 addresses, each with a different key, he said.

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