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[Cotun] “Bitcoin Price Has Started to Reflect Quantum Computing Risk”
On-chain analyst Willy Woo said that growing concerns over quantum computing risks have begun to exert downward pressure on the price of Bitcoin (BTC). He explained, “The risk that a powerful quantum computer capable of breaking today’s public key cryptography could emerge is being priced into Bitcoin. The arrival of such a quantum computer could potentially deduce the private keys of an estimated 4 million ‘permanently lost’ bitcoins and bring them back into circulation. Even if these permanently lost coins were revived and returned to the market, there is only about a 25% chance that the Bitcoin network would freeze them through a hard fork.”
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