Onchain analyst and early Bitcoin adopter Willy Woo is warning that increasing attention to quantum computing risk is starting to weigh on Bitcoin’s long-term valuation case against gold.
Woo argued in a Monday X post that markets had begun to price in the risk of a future “Q‑Day” breakthrough — shorthand for the moment when a powerful enough quantum computer exists to break today’s public key cryptography.
Roughly 4 million “lost” Bitcoin — coins whose private keys are presumed gone — could be dragged back into play, Woo argued, if a powerful quantum computer could derive private keys from exposed public keys, undermining part of Bitcoin’s core scarcity narrative.
He estimated there was about a 25% chance that the network would agree to freeze those coins via a hard fork, one of the most contentious issues in Bitcoin governance today.
Read more: cointelegraph.com
