Willy Woo Says Quantum Risk Weighs on Bitcoin
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- Willy Woo says Bitcoin’s 12-year trend against gold has broken.
- He links the shift to rising awareness of quantum computing risks.
- Woo estimates 4 million lost BTC could return if cryptography fails.
On-chain analyst Willy Woo says quantum computing risk is weighing on Bitcoin’s valuation relative to gold. He shared a chart showing a 12-year trend break between Bitcoin and gold prices. Woo argues markets are beginning to price in future cryptographic threats tied to “Q-Day.”
12-Year Bitcoin-Gold Trend Breaks
In the chart, Woo compares Bitcoin’s price in U.S. dollars with gold priced in Bitcoin. For more than a decade, Bitcoin steadily gained value against gold. That upward trajectory has now broken.
He wrote that Bitcoin “should be valued a lot higher relative to gold,” but said it is not. According to Woo, the shift began when quan…
Read The Full Article Willy Woo Says Quantum Risk Weighs on Bitcoin On Coin Edition.
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